#AUDUSD consolidating at pivot, potential for a bounce!
Price is consolidating at pivot level of 0.72270, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially swing towards resistance at 0.73200, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average resistances
Alternatively, price could potentially drop to support level at 0.71575, in-line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
0.72270
Why we like it:
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Support:
0.71575
Why we like it:
78.6% Fibonacci retracement level and 100% Fibonacci extension level
1st Resistance:
0.73200
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average resistances
Trading FX & CFDs carries high risk.
Alternatively, price could potentially drop to support level at 0.71575, in-line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
0.72270
Why we like it:
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Support:
0.71575
Why we like it:
78.6% Fibonacci retracement level and 100% Fibonacci extension level
1st Resistance:
0.73200
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average resistances
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.