Type: Bearish ReversalKey Levels:Resistance: 0.68852Pivot: 0.6859Support: 0.68135Preferred Case:Prices have reached a strong resistance level and are consolidating in a double top. We see the potential for a short pullback from our Pivot at 0.6859 in line with 127.2% Fibonacci extension towards our 1st support at 0.68135 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. RSI is at levels where dips previously happened.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 78.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-bearish-dip"
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