AUDUSD, H4 is approaching our Pivot. Potential for a bounce.
Price is approaching our Pivot point at 0.78109, in line with 61.8%, 161.8% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78768, in line with 78.6% fibonacci retracement and horizontal graphical swing high. Do note that price is above the moving average, in line with our bullish analysis.
Pivot: 0.78109
Why we like it:
61.8%, 161.8% fibonacci retracement and horizontal graphical overlap
1st Support: 0.77743
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.78768
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Pivot: 0.78109
Why we like it:
61.8%, 161.8% fibonacci retracement and horizontal graphical overlap
1st Support: 0.77743
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.78768
Why we like it:
78.6% fibonacci retracement 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.