Type: Bullish BounceKey Levels:Resistance: 0.72627Pivot: 0.70902Support: 0.69503Preferred Case:On the H1, with price moving above the ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72627 where the swing high is from our pivot at 0.70902 in line with the 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price may break support structure and head for 1st support at 0.69503 where the horizontal pullback support and 23.6% Fibonacci retracement are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h1-or-potential-bullish-continuation"
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