#NZDUSD approaching pivot, potential for a drop!
Price is reacting below our pivot level at 0.68193 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support. Price can potentially take support at 0.65001, which is in line with 50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support. Alternatively, price may rise up to our resistance at 0.70754, which coincides with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.68193
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
0.65001
50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.70754
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
0.68193
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
0.65001
50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.70754
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.