AUDUSD, H4 | Potential For Upside

31659 audusd h4 potential for upside

Type: Bullish BounceKey Levels:Resistance: 0.72269Pivot: 0.71115Support: 0.70865Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 0.71115 in line with 23.6% Fibonacci retracement towards our 1st resistance at 0.72269 in line with 78.6% Fibonacci extension. Prices are trading above Ichimoku, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.70865 in line with 38.2% Fibonacci retracement.

Source: Tickmill

Related Posts