#NZDUSD bounced from our Pivot point. Potential for rise
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Description: Price has bounced from our Pivot point of 0.71689, which is in line with 50%, 50% Fibonacci retracement, moving average support and descending trendline support. A potential rise from here towards our first resistance level of 0.72615, in line with -27%, -27%, -27% Fibonacci retracement and horizontal graphical swing high. Do note that price is trending above the descending trendline resistance turned support and the moving average, in line with our bullish analysis.
Pivot: 0.71689 Why we like it: 50%, 50% Fibonacci retracement, moving average support and descending trendline support
1st Support: 0.71293 Why we like it: 161.8%, 78.6% Fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.72615 Why we like it: -27%, -27%, -27% Fibonacci retracement and horizontal graphical swing high
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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.