AUDUSD, H4 is approaching our Pivot point, potential bounce.
Price is approaching our Pivot point at 0.76196, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support. We could potentially see a push up of prices from pivot level towards 1st resistance which coincides with horizontal swing high resistance and -27.2%. Note that price is trending above the EMA, in line with our bullish view.
Pivot: 0.76196
Why we like it:
Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension
1st Support: 0.75849
Why we like it:
Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
1st Resistance: 0.76771
Why we like it:
-27.2% Fibonacci retracement, horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 0.76196
Why we like it:
Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension
1st Support: 0.75849
Why we like it:
Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
1st Resistance: 0.76771
Why we like it:
-27.2% Fibonacci retracement, horizontal swing high resistance
Trading FX & CFDs carries high risk.
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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.