AUDUSD, H4 approaching our Pivot point, potential for a drop.
Description
Price is approaching our Pivot point of 0.77862, which is in line with our 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap, where we could see a potential pullback from this level to our first support level of 0.77036, in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trendline support. It is noteworthy that Stochastics is showing bearish pressure where price have previously reacted off the 92% level, in line with our short-term bearish view.
Pivot: 0.77862
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap
1st Support: 0.77036
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trendline support
1st Resistance: 0.78359
Why we like it:
127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing-high resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.77862, which is in line with our 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap, where we could see a potential pullback from this level to our first support level of 0.77036, in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trendline support. It is noteworthy that Stochastics is showing bearish pressure where price have previously reacted off the 92% level, in line with our short-term bearish view.
Pivot: 0.77862
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap
1st Support: 0.77036
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trendline support
1st Resistance: 0.78359
Why we like it:
127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing-high resistance
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.