GBPNZD is facing bullish pressure | 24 Mar 2021

Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2% Fibonacci retracement level. Ichimoku cloud is also below prices, showing a bullish pressure for prices.