AUDUSD is approaching our pivot, potential rise.
Description:
Price is approaching our pivot at 0.79074, in line with 127% fibonacci retracement, 161.8%, 61.8% fibonacci extension, moving average support and horizontal graphical overlap. Where we could see a bounce above this level. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79074
Supporting Points:
127% fibonacci retracement, 161.8%, 61.8% fibonacci extension, moving average support and horizontal graphical overlap
1st Support: 0.78840
Supporting Points:
61.8% Fibonacci retracement, 300% and 161.8% fibonacci extension
1st Resistance: 0.79417
Supporting Points:
-27% and 127% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Price is approaching our pivot at 0.79074, in line with 127% fibonacci retracement, 161.8%, 61.8% fibonacci extension, moving average support and horizontal graphical overlap. Where we could see a bounce above this level. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79074
Supporting Points:
127% fibonacci retracement, 161.8%, 61.8% fibonacci extension, moving average support and horizontal graphical overlap
1st Support: 0.78840
Supporting Points:
61.8% Fibonacci retracement, 300% and 161.8% fibonacci extension
1st Resistance: 0.79417
Supporting Points:
-27% and 127% Fibonacci retracement.
Trading FX & CFDs carries high risk.