AUDUSD, H4 bounced from our Pivot point, potential for rise.
Price has bounced from our Pivot point at 0.75977, in line with 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.76655, in line with -27% fibonacci retracement, 127% fibonacci extension and horizontal swing high. It is worth noting that price is above the moving average, in line with our bullish analysis.
Pivot: 0.75977
Why we like it:
38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.75558
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low.
1st Resistance: 0.76655
Why we like it:
-27% fibonacci retracement, 127% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Pivot: 0.75977
Why we like it:
38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.75558
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low.
1st Resistance: 0.76655
Why we like it:
-27% fibonacci retracement, 127% fibonacci extension and horizontal swing high
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.