AUDUSD, H4 has bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point at 0.77010, in line with 88.68% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low support. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77702, in line with 61.8%, 88% fibonacci extension and horizontal graphical overlap.
Pivot: 0.77010
Why we like it:
88.68% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low support
1st Support: 0.76594
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.78768
Why we like it:
61.8%, 88% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Pivot: 0.77010
Why we like it:
88.68% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low support
1st Support: 0.76594
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.78768
Why we like it:
61.8%, 88% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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