NZDUSD, H4 bounced off our Pivot point. Potential for rise.
Description:
Price has bounced from our Pivot point of 0.70858, which is in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71367, in line with 161.8% and 127.2% Fibonacci retracement level is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.70858
Why we like it:
38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70527
Why we like it:
61.8%, 127% Fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Resistance: 0.71367
Why we like it:
161.8% and 127.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point of 0.70858, which is in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71367, in line with 161.8% and 127.2% Fibonacci retracement level is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.70858
Why we like it:
38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70527
Why we like it:
61.8%, 127% Fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Resistance: 0.71367
Why we like it:
161.8% and 127.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.