AUDUSD, H4 is testing our Pivot point, potential for a rise.
Description
Price is testing our Pivot point of 0.76922, which is in line with our -27% Fibonacci retracement and 127% Fibonacci extension, where we could see a potential rise from this level to our first resistance level of 0.75549, in line with -68% fibonacci retracement and 88% fibonacci extension. It is noteworthy that price is trending above the Ichimoku cloud and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.76922
Why we like it:
-27% Fibonacci retracement and 127% Fibonacci extension
1st Support: 0.76415
Why we like it:
23.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.75549
Why we like it:
-68% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
Price is testing our Pivot point of 0.76922, which is in line with our -27% Fibonacci retracement and 127% Fibonacci extension, where we could see a potential rise from this level to our first resistance level of 0.75549, in line with -68% fibonacci retracement and 88% fibonacci extension. It is noteworthy that price is trending above the Ichimoku cloud and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.76922
Why we like it:
-27% Fibonacci retracement and 127% Fibonacci extension
1st Support: 0.76415
Why we like it:
23.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.75549
Why we like it:
-68% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.