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NZDUSD H4 | Potential for Bullish Bounce

38047 nzdusd h4 potential for bullish bounce

Type: Bullish BounceKey Levels:Resistance: 0.67284Pivot: 0.65331Support: 0.63834Preferred Case:We see the potential of bullish bounce from pivot level of 0.65331 in line up with 161.8% fibonacci extension and 78.6% fibonacci projection towards the 1st resistance level of 0.67284 in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price might break through the key pivot level and trigger a dip towards the 1st support level of 0.63834 which is in line with previous horizontal swing low support.

Source: Tickmill

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