TitleNZDUSD D1 | Bullish bounce above ascending trend lineTypeBullish BouncePreference:Price has reversed above the pivot point of 0.6098 which is an overlap support that aligns close to the 78.6% Fibonacci retracement level; we could see momentum carry price up to its 1st resistance at 0.63933 which is an overlap resistance.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.59843 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
