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Nzdusdlong

#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.69765 Why we like it: 50% Fibonacci retracement and 61.8% Fibonacci extension level 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70715 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#NZDUSD approaching pivot, potential for bounce!Price is approaching pivot level at 0.69450, in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. Price could potentially bounce towards resistance at 0.70575, in-line with 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA. Alternatively, price could potentially drop to support level at 0.68440, in-line with 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 0.69450 Why we like it: 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support 1st Support: 0.68440 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level 1st Resistance: 0.70575 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#NZDUSD is at pivot, potential for bounce!Price is reacting on pivot level at 0.70115 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially swing towards resistance at 0.70850, in-line with 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50MA. Stochastic is also at support where previous bounces occurred. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.70115 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70850 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50 MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets