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.
Aviso legal
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