#AUDUSD, H4 has bounced from our Pivot. Potential for a rise.

62
Price has bounced from our Pivot point at 0.77382, in line with 61.8% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78130, in line with 61.8%, -27% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. It's worth noting that price is trending above the ascending trendline on the Daily time frame.

Pivot: 0.77382
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap

1st Support: 0.77012
Why we like it:
88.6% fibonacci retracement and horizontal swing low

1st Resistance: 0.78130
Why we like it:
61.8%, -27% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.