AUDUSD, H4 is testing our Pivot. Potential for a rise
Price is currently testing our Pivot point at 0.77344, in line with 61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77946, in line with 78.6% fibonacci retracement. It is worth noting that price is above the moving average, in line with our bullish analysis.
Pivot: 0.77344
Why we like it:
61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76771
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.77946
Why we like it:
78.6% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Pivot: 0.77344
Why we like it:
61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76771
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.77946
Why we like it:
78.6% Fibonacci retracement.
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.