#AUDUSD approaching pivot, potentail for a reversal!
Description Price is approaching pivot level of 0.73954 where we have 161.8% Fibonacci extension levelhorizontal overlap resistance lining up. A reversal from this level might see price take support at 0.7328, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.7425, which coincides with 161.8% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level . Bearish Reversal
Pivot: 0.73954 Why we like it: 161.8% Fibonacci extension levelhorizontal overlap resistance
1st Support: 0.73280 Why we like it: 38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance: 0.74250 Why we like it: 161.8% Fibonacci extension levelhorizontal overlap resistance
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.