M4Academy

AUDUSD is approaching our pivot, potential reversal.

Short
SAXO:AUDUSD   Australian Dollar / U.S. Dollar
Price is approaching our pivot at 0.77682, in line with our graphical overlap resistance, 50% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. Stochastic is approaching resistance as well, in line with our bearish bias.

Pivot: 0.77682
Supporting Points:
graphical overlap resistance, 50% fibonacci retracement and 100% fibonacci extension

1st Support: 0.77138
Supporting Points:
38.2% Fibonacci retracement, horizontal swing low support.

1st Resistance: 0.78082
Supporting Points:
horizontal swing high resistance, 100% Fibonacci extension
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