AUDNZD, H4 | Potential Bullish Continuation


Type: Bullish BounceKey Levels:Resistance: 1.11086Pivot: 1.10161Support: 1.09717Preferred Case:On the H4, with price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.11086 where the 161.8% Fibonacci extension is from our pivot of 1.10161 in line with the 50% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price may break structure and head for the 50% Fibonacci retracement and horizontal overlap support in line with our 1st support at 1.09717.

Source: Tickmill

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