AUDUSD, H4 testing our Pivot point, potential for drop.
Price is above our Pivot point at 0.77673, in line with 88%, 23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.76751. It is worth noting that price is trending under the moving average, in line with our bearish view.
Pivot: 0.77673
Why we like it:
88%, 23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.76751
Why we like it:
78.6%, 127% Fibonacci retracement and horizontal graphical support.
1st Resistance: 0.78504
Why we like it:
161.8%, 161.8% Fibonacci extension, -27% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
1st Support: 0.78650
Why we like it:
78.6% Fibonacci retracement and 127% Fibonacci extension.
1st Resistance: 0.79752
Why we like it:
38.2%, 50%, 61.8% Fibonacci retracement and 127% Fibonacci extension.
Trading FX & CFDs carries high risk.
Pivot: 0.77673
Why we like it:
88%, 23.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.76751
Why we like it:
78.6%, 127% Fibonacci retracement and horizontal graphical support.
1st Resistance: 0.78504
Why we like it:
161.8%, 161.8% Fibonacci extension, -27% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
1st Support: 0.78650
Why we like it:
78.6% Fibonacci retracement and 127% Fibonacci extension.
1st Resistance: 0.79752
Why we like it:
38.2%, 50%, 61.8% Fibonacci retracement and 127% 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.