NZDUSD H4 | Bearish reversal off 50% Fibo?

TitleNZDUSD H4 | Bearish reversal off 50% Fibo?TypeBearish ReversalPreference:Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58807 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.59846 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.