AUDUSD is bouncing from our pivot, potential rise.

Description:
Price is bouncing from our pivot at 0.78772, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension 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: 0.78772
Supporting Points:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap

1st Support: 0.78495
Supporting Points:
127% Fibonacci retracement and 100% fibonacci extension

1st Resistance: 0.79220
Supporting Points:
-27% Fibonacci retracement and 100% Fibonacci extension
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