AUDUSD, H4 heading towards our Pivot point, potential for drop.
AUDUSD, H4 heading towards our Pivot point, potential for drop.
Price is approaching our Pivot point at 0.76554, in line with 38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.75727, a fibonacci confluence area. It is worth noting that MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.76554 Why we like it: 38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.75727 Why we like it: 127% Fibonacci retracement and 127% fibonacci extension.
1st Resistance: 0.77193 Why we like it: 78.6% fibonacci retracement 88% fibonacci extension and horizontal graphical overlap.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.