#NZDUSD approaching pivot, potential for a bounce!
Price is coming into our pivot level at 0.69510 which is in line with 61.8% Fibonacci retracement level, 200% Fibonacci extension level & ascending trendline support. Price could potentially bounce towards resistance at 0.70100 which is in line with 38.2% Fibonacci retracement level and 127.2% Fibonacci extension. Stochastic is also coming into support where previous bounces occurred.
Alternatively, price may drop to our support at 0.69125, which coincides with 78.6% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support.
Pivot:
0.69510
Why we like it:
61.8% Fibonacci retracement level, 200% Fibonacci extension level & ascending trendline support
1st Support:
0.69125
78.6% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.70100
38.2% Fibonacci retracement level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 0.69125, which coincides with 78.6% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support.
Pivot:
0.69510
Why we like it:
61.8% Fibonacci retracement level, 200% Fibonacci extension level & ascending trendline support
1st Support:
0.69125
78.6% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.70100
38.2% Fibonacci retracement level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.