AUDUSD, H4 is approaching from our Pivot. Potential for a rise.

29 เม.ย. 2021

Price is approaching from our Pivot point at 0.77635, in line with 61.8% Fibonacci retracement, 88% fibonacci extension and ascending trendline. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78437, in line with -27% fibonacci retracement and 88% fibonacci extension.

Pivot: 0.77635
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and ascending trendline

1st Support: 0.77179
Why we like it:
161.8% fibonacci extension and horizontal graphical swing low.

1st Resistance: 0.78437
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.