Title

NZDUSD H4 | Bullish Bounce

Type

Bullish Bounce

Preference:

price is falling to the pivot of 0.6153, a pullback support. A reverse from this level could lead the price to rise to 1st resistance at 0.6214, a pullback resistance close to 61.8% Fibo retracement

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 0.6104, an overlap support level.