AUDUSD is approaching our Pivot point, potential for a rise

30 thg 11, 2020

Price is approaching our Pivot point at 0.73735 which is in line with our 50% Fibonacci extension, 23.6% Fibonacci Retracement and horizontal overlap support. We could potentially see price rise towards our 1st resistance level at 0.74370. It is worth noting that the Ichimoku cloud and ascending trendline is showing bullish pressure in line with our analysis.

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