Preference:
With price approaching the resistance of the stochastics indicator indicating a reversal and an existing bearish divergence, we are biased that price will dip from pivot at 36078 in line with the 127.2% Fibonacci extension level to 1st support at 35814 in line with the 38.2% Fibonacci retracement level.
Alternative Scenario:
Alternatively, we may see price break pivot and head for 1st resistance at 36148 in line with 161.8% Fibonacci extensions.
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