Type: Bullish BounceKey Levels:Resistance: 0.63337Pivot: 0.62329Support: 0.61686Preferred Case:We can expect that price bounce at the pivot in line with 161.8% Fibonacci projection, 161.8% Fibonacci extension, 61.8% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price could push further down to the 1st Support in line with graphical overlap.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdchf-h4-or-short-term-bullish-bounce"
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