#AUDUSD, H4 has bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point at 0.77219, in line with 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77637, in line with 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. It's worth noting that stochastics is showing bullish pressure where price reversed off the 14% level previously.
Pivot: 0.77219
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.76887
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low
1st Resistance: 0.77637
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 0.77219
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.76887
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low
1st Resistance: 0.77637
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
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.