Type: Bullish BounceKey Levels:Resistance: 0.72462Pivot: 0.71182Support: 0.65361Preferred Case:We see the potential of a bullish continuation from pivot level of 0.71190 in line with 78.6% fibonacci retracement and 100% fibonacci projection towards the 1st resistance level of 0.72476 in line with 38.2% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Otherwise, price might break the key support level to trigger a dip towards the 1st support of 0.70553 which is in line a previous horizontal swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-potential-for-bullish-continuation"
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