#NZDUSD is at pivot, potential for bounce!

Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance.
Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.

Pivot:
0.69765

Why we like it:
50% Fibonacci retracement and 61.8% Fibonacci extension level

1st Support:
0.69450
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level

1st Resistance:
0.70715
61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance

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