AUDUSD, H4 is bouncing from our Pivot. Potential for a rise.
Price is bouncing from our Pivot point at 0.77166, in line with 61.8%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77540, in line with 61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap. Do note that stochastics is showing bullish pressure where price has previously bounced off the 27% level.
Pivot: 0.77166
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76981
Why we like it:
127% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.77540
Why we like it:
61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 0.77166
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76981
Why we like it:
127% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.77540
Why we like it:
61.8% fibonacci retracement and 61.8%, 161.8% 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.