Type: Bullish BounceKey Levels:Resistance: 0.68524Pivot: 0.67781Support: 0.67343Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 0.67781 in line with 61.8% Fibonacci extension towards our 1st resistance at 0.68524 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.67343 in line with 100% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-potential-for-bounce-17thdec"
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