NZDUSD D1 | Bearish momentum to extend further?

TitleNZDUSD D1 | Bearish momentum to extend further?TypeBearish ReversalPreference:Price could rise towards the pivot point of 0.58558 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.57495 which is an overlap support that aligns with the 78.6% Fibonacci retracement level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.59267 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement 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.