AUDUSD is reversing from our pivot, potential drop.
Description:
Price is reversing from our pivot at 0.77666, in line with 61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap. Where we could see a drop under this level towards the 1st support. Otherwise, a break above this level may see price swing towards 1st resistance. Do note that price is trending under the moving average and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.77666
Supporting Points:
61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap
1st Support: 0.76636
Supporting Points:
127% and -27% Fibonacci retracement
1st Resistance: 0.78507
Supporting Points:
61.8%, 50% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is reversing from our pivot at 0.77666, in line with 61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap. Where we could see a drop under this level towards the 1st support. Otherwise, a break above this level may see price swing towards 1st resistance. Do note that price is trending under the moving average and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.77666
Supporting Points:
61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap
1st Support: 0.76636
Supporting Points:
127% and -27% Fibonacci retracement
1st Resistance: 0.78507
Supporting Points:
61.8%, 50% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.