NZDUD H4 | Bullish bounce off pivot?

TitleNZDUD H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point, we can expect to see price rise to the 1st resistance at 0.6131, which is at a 50% fibo retracement and 78.6% fibo projection.Alternative scenario:If price breaks below the pivot, then price could potentially fall to the 1st support at 0.5986, which is a major swing low support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.