Type: Bullish BounceKey Levels:Resistance: 0.66942Pivot: 0.66001Support: 0.65606Preferred Case:Price is reacting in between the ascending trendline support on the daily and descending trendline resistance on the H4, potentially forming a triangle pattern. We can expect price to make a bounce from the pivot level in line with 23.6% Fibonacci retracement towards 1st Resistance in line with graphical overlap, 50% Fibonacci retracement and 100% Fibonacci projection.Alternative Scenario:Alternatively, price could push further down to 1st support in line with ascending trendline support on the daily.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audchf-h4-or-short-term-bullish"
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