AUDUSD, H4 is bouncing from our Pivot. Potential for a rise.
Price is bouncing from our Pivot point at 0.77166, in line with 61.8%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77540, in line with 61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap. Do note that stochastics is showing bullish pressure where price has previously bounced off the 27% level.
Pivot: 0.77166
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76981
Why we like it:
127% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.77540
Why we like it:
61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 0.77166
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76981
Why we like it:
127% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.77540
Why we like it:
61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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