Type: Bullish BounceKey Levels:Resistance: 0.63957Pivot: 0.62931Support: 0.62466Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 0.62931 in line with the pullback support to the 1st resistance at 0.63957 in line with the swing high and 50% fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at 0.62466 at the swing low in line with the 78.6% fibonacci projection
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-potential-bullish-bounce"
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