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NZDUSD, H4 | Bearish Continuation!

Edited on December 22, 2021
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Preference:

Prices are at a Pivot and are on bearish momentum. We see potential for a dip from our Pivot at 0.67735 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 0.67025 in line with 100% Fibonacci retracement. Our bearish bias is further supported by Ichimoku clouds showing bearish momentum and also RSI at a oversold situation.

Alternative Scenario:

Alternatively, prices may climb towards our 1st resistance at 0.68321 in line with 100% Fibonacci retracement and graphical swing high.

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