AUDUSD, H4 above our Pivot point, potential for rise.

23 Şub 2021

Price is above our Pivot point at 0.78983, in line with 61.8%, 50% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77884. It is worth noting that price is trending above the ascending trendline and Ichimoku cloud, in line with our bullish view.

Pivot: 0.78983
Why we like it:
61.8%, 50% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap

1st Support: 0.78650
Why we like it:
127% Fibonacci retracement, 88%, 127% Fibonacci extension and horizontal graphical support.

1st Resistance: 0.79752
Why we like it:
61.8% Fibonacci extension, -61.8% and -61.8% Fibonacci retracement.

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