AUDUSD, H4 is bouncing from our Pivot. Potential for a rise.
Price is bouncing from our Pivot point at 0.77831, in line with 61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.79362, in line with 127% fibonacci retracement and 100% fibonacci extension.
Pivot: 0.77831
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.76959
Why we like it:
161.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.79362
Why we like it:
127% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 0.77831
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.76959
Why we like it:
161.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.79362
Why we like it:
127% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
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