#AUDUSD approaching pivot, potential for a drop!
Price is reacting below our pivot level at 0.74213 which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance. Price can potentially take support at 0.73365, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Alternatively, price may rise up to our resistance at 0.74936, which coincides with 161.8% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is holding below the EMA
Pivot:
0.74213
Why we like it:
61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance
1st Support:
0.73365
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
0.74936
161.8% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
0.74213
Why we like it:
61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance
1st Support:
0.73365
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
0.74936
161.8% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.