Type: Bearish ReversalKey Levels:Resistance: 0.70056Pivot: 0.6987 Support: 0.6923Preferred Case:Prices are at a pivot. We see the potential for a pullback from our Pivot at 0.6987 which is an area of Fibonacci confluences towards our 1st support at 0.6923 in line with 23.6% Fibonacci retracement. Divergence is spotted on RSI, further supporting our bearish bias.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 0.70056
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-potential-for-pullback"
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