NZDUSD, H4 approaching our Pivot point. Potential for rise.
Description:
Price is approaching our Pivot point of 0.71145, which is in line with 38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71714, in line with 100%, 50% Fibonacci extension and horizontal swing high is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.71145
Why we like it:
38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70785
Why we like it:
61.8% and 78.6 Fibonacci retracement
1st Resistance: 0.71714
Why we like it:
100%, 50% Fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.71145, which is in line with 38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71714, in line with 100%, 50% Fibonacci extension and horizontal swing high is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.71145
Why we like it:
38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70785
Why we like it:
61.8% and 78.6 Fibonacci retracement
1st Resistance: 0.71714
Why we like it:
100%, 50% Fibonacci extension and horizontal swing high
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.