Title
NZDUSD H4 | Bullish bounce off 50% fibo?

Type
Bullish Bounce

Preference:

Price could fall to our pivot point at 0.6013, which is a pullback support level, aligning with the 50% fibo retracement. If price bounce off the pivot point, price could rise towards the 1st resistance at 0.6066, which is a swing high resistance level.

Alternative scenario:

If price breaks below the pivot point, then price could fall to the 1st support at 0.5991, which is slightly below the 61.8% fibo retracement.

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