AUDUSD, is at our pivot. Potential for a drop.

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Description:
Price is currently at our pivot 0.77093, a fibonacci confluence area. We could see a medium-probability bearish scenario, with 1st support at 0.76823 as a potential target . Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77268.

Pivot: 0.77093
Supporting Points:
78.6%, 61.8% Fibonacci extension and horizontal graphical overlap

1st Support: 0.76823
Supporting Points:
78.6%, 161.8% fibonacci retracement, 127%, 127%, Fibonacci extension and horizontal graphical overlap

1st Resistance: 0.77268
Supporting Points:
88% and -61.8% fibonacci retracement
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Feragatname

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