Type: Bullish BounceKey Levels:Resistance: 1.08758Pivot: 1.07881Support: 1.07195Preferred Case:On the H4, with price moving above the Ichimoku cloud, we have a bias that price will rise to our 1st resistance at 1.08758 in line with the swing high resistance from our pivot of 1.07881 in line with the horizontal overlap support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.07195 in line with the horizontal overlap support and 61.8% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audnzd-h4-i-potential-rise"
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