AUDUSD is testing our pivot, potential rise.
Description:
Price is testing our pivot at 0.79777, in line with 161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could see a bounce above this level towards the 1st resistance. Otherwise, a break beneath this level may see price swing towards 1st support. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79777
Supporting Points:
161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Support: 0.79463
Supporting Points:
127% Fibonacci retracement, 88%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.80042
Supporting Points:
-27% Fibonacci retracement, 61.8%, 161.8% fibonacci extension and previous swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing our pivot at 0.79777, in line with 161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could see a bounce above this level towards the 1st resistance. Otherwise, a break beneath this level may see price swing towards 1st support. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79777
Supporting Points:
161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Support: 0.79463
Supporting Points:
127% Fibonacci retracement, 88%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.80042
Supporting Points:
-27% Fibonacci retracement, 61.8%, 161.8% fibonacci extension and previous swing high resistance.
Trading FX & CFDs carries high risk.