NZDUSD, H4 is bouncing from our Pivot point. Potential for rise
Description:
Price is approaching our Pivot point of 0.71622, which is in line with 50%, 38.2% Fibonacci retracement, horizontal graphical overlap and ascending trendline support. A potential rise from here towards our first resistance level of 0.72503, in line with 127% Fibonacci retracement and 61.8% fibonacci extension. Please note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 0.71622
Why we like it:
50%, 38.2% Fibonacci retracement, horizontal graphical overlap and ascending trendline support
1st Support: 0.71218
Why we like it:
50%, 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72503
Why we like it:
127% Fibonacci retracement and 61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.71622, which is in line with 50%, 38.2% Fibonacci retracement, horizontal graphical overlap and ascending trendline support. A potential rise from here towards our first resistance level of 0.72503, in line with 127% Fibonacci retracement and 61.8% fibonacci extension. Please note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 0.71622
Why we like it:
50%, 38.2% Fibonacci retracement, horizontal graphical overlap and ascending trendline support
1st Support: 0.71218
Why we like it:
50%, 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72503
Why we like it:
127% Fibonacci retracement and 61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.