NZDUSD H4 | Falling to 61.8% Fibo

TitleNZDUSD H4 | Falling to 61.8% FiboTypeBearish DropPreference:The price is falling from our pivot point of 0.615,  A reversal from this point could lead the price to drop to the 1st support at 0.6081, an overlap support level that aligns with the 61.6% Fibo retracement.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.6205, which serves as a multi swing  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.