NZDUSD has reversed from our Pivot point. Potential for a drop
Description:
Price has reversed from our Pivot point of 0.71820, which is in line with 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance. A potential drop from here towards our first support level of 0.71316, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Please note that price is trending under the descending trendline, showing bearish pressure.
Pivot: 0.71820
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 0.71316
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.72177
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point of 0.71820, which is in line with 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance. A potential drop from here towards our first support level of 0.71316, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Please note that price is trending under the descending trendline, showing bearish pressure.
Pivot: 0.71820
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 0.71316
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.72177
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical resistance.
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.