NZDUSD bounce from our Pivot point. Potential for rise.
Description:
Price is bouncing from our Pivot point of 0.71909, which is in line with 78.6%, 161.8% Fibonacci retracement, 78.6%, 100% Fibonacci extension and ascending trendline support. A potential rise from here towards our first resistance level of 0.72647, in line with 61.8% Fibonacci retracement and 50% fibonacci extension. Please note that price is trending above the ascending trendline and Stochastics (13,5,3) is showing bullish pressure where price have previously reacted from the 32.27 level.
Pivot: 0.71909
Why we like it:
78.6%, 161.8% Fibonacci retracement, 78.6%, 100% Fibonacci extension and ascending trendline support
1st Support: 0.71463
Why we like it:
241% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72647
Why we like it:
61.8% Fibonacci retracement, 50% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.71909, which is in line with 78.6%, 161.8% Fibonacci retracement, 78.6%, 100% Fibonacci extension and ascending trendline support. A potential rise from here towards our first resistance level of 0.72647, in line with 61.8% Fibonacci retracement and 50% fibonacci extension. Please note that price is trending above the ascending trendline and Stochastics (13,5,3) is showing bullish pressure where price have previously reacted from the 32.27 level.
Pivot: 0.71909
Why we like it:
78.6%, 161.8% Fibonacci retracement, 78.6%, 100% Fibonacci extension and ascending trendline support
1st Support: 0.71463
Why we like it:
241% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72647
Why we like it:
61.8% Fibonacci retracement, 50% fibonacci extension and horizontal swing high 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.