Title
NZDUSD H4 | Falling to 61.8% Fibo

Type
Bearish Drop

Preference:

The price is falling from our pivot point of 0.615,  A reversal from this point could lead the price to drop to the 1st support at 0.6081, an overlap support level that aligns with the 61.6% Fibo retracement.

Alternative scenario:

However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.6205, which serves as a multi swing  resistance level.

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