AUDUSD, H4 above our Pivot point, potential for rise.
Price is above our Pivot point at 0.79478, in line with 38.2%, 38.2% Fibonacci retracement, 78.6%, 78.6% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.80082. It is worth noting that price is trending above the moving average, in line with our bullish view.
Pivot: 0.79478
Why we like it:
38.2%, 38.2% Fibonacci retracement, 78.6%, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.78919
Why we like it:
78.6%, 88% Fibonacci retracement and horizontal graphical support.
1st Resistance: 0.80082
Why we like it:
161.8%, 161.8% Fibonacci extension, -27% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.