AUDUSD, H4 is approaching from our Pivot. Potential for a rise.
Price is approaching from our Pivot point at 0.77635, in line with 61.8% Fibonacci retracement, 88% fibonacci extension and ascending trendline. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78437, in line with -27% fibonacci retracement and 88% fibonacci extension.
Pivot: 0.77635
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and ascending trendline
1st Support: 0.77179
Why we like it:
161.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.78437
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 0.77635
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and ascending trendline
1st Support: 0.77179
Why we like it:
161.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 0.78437
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
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