NZDUSD H4 | Rising toward resistance?

TitleNZDUSD H4 | Rising toward resistance?TypeBearish BreakoutPreference:The price is falling toward our pivot point of 0.5940, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.5997, a pullback resistance.Alternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 0.5916, also a pullback support 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.