AUDUSD is approaching our Pivot point, potential for a rise!
Price is approaching our Pivot point of 0.73435, which is in line with our 50%, 78.6% Fibonacci retracement and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.74075, in line with 78.6%, 88% Fibonacci extension and horizontal swing high resistance. It is worth noting that the Ichimoku cloud and ascending trendline are both showing bullish momentum which is in line with our analysis. Trading FX & CFDs carries high risk.
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