Type: Bullish BounceKey Levels:Resistance: 0.72603Pivot: 0.71277Support: 0.70485Preferred Case:On the H4, 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 0.72603 in line with the swing high resistance and the 50% Fibonacci retracement from our pivot at 0.71277 where the overlap support is.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 0.70485 where the horizontal overlap support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-for-bullish-continuation1"
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