GBPNZD H4 | Heading into resistance

TitleGBPNZD H4 | Heading into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2.07946 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 2.06326 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 2.09305 which is a swing-high resistance 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.