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AUDUSD, H4 | Potential For Bounce

31057 audusd h4 potential for bounce

Type: Bullish BounceKey Levels:Resistance: 0.70842Pivot: 0.69935Support: 0.69616Preferred Case:Prices are at a pivot and graphical swing low, we see the potential for a bounce from our Pivot at 0.69935 in line with 78.6% Fibonacci extension and 100% Fibonacci retracement towards our 1st resistance at 0.70842 in line with 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip further towards our 1st support at 0.69616 in line with 61.8% Fibonacci extension and 100% Fibonacci retracement.

Source: Tickmill

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