Title

NZDUSD H4  | Bearish Breakout

Type

Bearish Breakout

Preference:

Price is falling toward the pivot of0.6193, a breakout from this level could lead the price to fall to 1st support at 0.6105, a pullback support close to the 61.8% Fibonacci Retrtacement. 

Alternative Scenario:

If price bounces the pivot, it could rise to 1st resistance at 0.6293, a swing high resistance