AUDUSD, H4 is testing our Pivot. Potential for a rise
Price is currently testing our Pivot point at 0.77344, in line with 61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77946, in line with 78.6% fibonacci retracement. It is worth noting that price is above the moving average, in line with our bullish analysis.
Pivot: 0.77344
Why we like it:
61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76771
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.77946
Why we like it:
78.6% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Pivot: 0.77344
Why we like it:
61.8% Fibonacci retracement, 88.6%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76771
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.77946
Why we like it:
78.6% Fibonacci retracement.
Trading FX & CFDs carries high risk.
כתב ויתור
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