#AUDUSD, H4 has bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point at 0.77189, in line with 127% fibonacci retracement, 88.6% fibonacci extension and ascending trendline support. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77668, in line with 61.8% fibonacci extension and horizontal graphical swing high. It's worth noting that price is trending above the ascending trendline, in line with our bullish analysis.
Pivot: 0.77189
Why we like it:
127% fibonacci retracement, 88.6% fibonacci extension and ascending trendline support
1st Support: 0.76819
Why we like it:
127% fibonacci retracement and horizontal graphical swing low
1st Resistance: 0.77668
Why we like it:
61.8% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Pivot: 0.77189
Why we like it:
127% fibonacci retracement, 88.6% fibonacci extension and ascending trendline support
1st Support: 0.76819
Why we like it:
127% fibonacci retracement and horizontal graphical swing low
1st Resistance: 0.77668
Why we like it:
61.8% fibonacci extension and horizontal graphical 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.