AUDUSD reversed from our Pivot point, potential for a rise
Description
Price is reversing from our Pivot point of 0.75238, which is in line with our 38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.76058, in line with 161.8% Fibonacci extension. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.75238
Why we like it:
38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.74808
Why we like it:
61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.76058
Why we like it:
100% Fibonacci extension
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point of 0.75238, which is in line with our 38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.76058, in line with 161.8% Fibonacci extension. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.75238
Why we like it:
38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.74808
Why we like it:
61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.76058
Why we like it:
100% Fibonacci extension
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.