NZDUSD H4 |  Reacting off resistance level?

TitleNZDUSD H4 |  Reacting off resistance level?TypeBearish DropPreference:Price is currently at our pivot point of 0.6115, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.6066, an overlap support level that aligns with the 161.8% Fibo extension levelAlternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.6167, which serves as an overlap 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.