AUDUSD, reversed from our pivot. Potential for a drop.
Description:
Price has reversed from our pivot of 0.77465. We could see a medium-probability bearish scenario, from our Pivot towards 1st support at 0.77178. Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77695.
Pivot: 0.77465
Supporting Points:
23.6%, 50% Fibonacci retracement and graphical overlap resistance
1st Support: 0.77178
Supporting Points:
61.8%, 50% fibonacci retracement, 61.8%, 88% fibonacci extension and graphical overlap support
1st Resistance: 0.77695
Supporting Points:
127% fibonacci retracement, 127% fibonacci extension and horizontal graphical swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our pivot of 0.77465. We could see a medium-probability bearish scenario, from our Pivot towards 1st support at 0.77178. Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77695.
Pivot: 0.77465
Supporting Points:
23.6%, 50% Fibonacci retracement and graphical overlap resistance
1st Support: 0.77178
Supporting Points:
61.8%, 50% fibonacci retracement, 61.8%, 88% fibonacci extension and graphical overlap support
1st Resistance: 0.77695
Supporting Points:
127% fibonacci retracement, 127% fibonacci extension and horizontal graphical swing high resistance.
Trading FX & CFDs carries high risk.