24.02.202113:16 Forex Analysis & Reviews: Daily Video Analysis: AUDUSD facing bullish pressure, potential for further rise!

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Today we take a look at AUDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as we see MACD holding above the 0 line. We could potentially see further upside above our buy entry level, which is in line with our 61.8% Fibonacci retracement level, towards our take profit levels, which is in line with our horizontal swing high resistance and -27.2% Fibonacci retracement levels.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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