NZDUSD H4 | Bullish bounce off overlap support

TitleNZDUSD H4 | Bullish bounce off overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.60047 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6057 which is a swing-high resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.59628 which is a pullback support that aligns with 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.