AUDUSD, is testing our pivot point. Potential for a rise.

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Description:
Price is testing our pivot at 0.75926, a fibonacci level and where the moving average is. We could see a low-probability bullish scenario, with 1st resistance at 0.76258 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75575.

Pivot: 0.75926
Supporting Points:
78.6% Fibonacci retracement, 78.6% Fibonacci extension and moving average cross.

1st Support: 0.75575
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.

1st Resistance: 0.76258
Supporting Points:
161.8% Fibonacci retracement, 61.8% fibonacci extension and Horizontal swing high resistance.
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Penafian

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