AUDUSD is approaching our pivot, potential bounce.
Description:
Price is approaching our pivot at 0.77490, in line with our ascending trendline support, 50%, 61.8% fibonacci retracement, 61.8% and 88% fibonacci extension. Where we could see a bounce above this level. Do note that price is trending within a squeezing triangle.
Pivot: 0.77490
Supporting Points:
Ascending trendline support, 50%, 61.8% fibonacci retracement, 61.8% and 88% fibonacci extension
1st Support: 0.77320
Supporting Points:
88% Fibonacci retracement, 127%, 78.6% fibonacci extension and horizontal swing low support.
1st Resistance: 0.77775
Supporting Points:
Horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
Price is approaching our pivot at 0.77490, in line with our ascending trendline support, 50%, 61.8% fibonacci retracement, 61.8% and 88% fibonacci extension. Where we could see a bounce above this level. Do note that price is trending within a squeezing triangle.
Pivot: 0.77490
Supporting Points:
Ascending trendline support, 50%, 61.8% fibonacci retracement, 61.8% and 88% fibonacci extension
1st Support: 0.77320
Supporting Points:
88% Fibonacci retracement, 127%, 78.6% fibonacci extension and horizontal swing low support.
1st Resistance: 0.77775
Supporting Points:
Horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.