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15.07.202111:26 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 RSI is holding above ascending trendline support. We could see a bounce at Buy Entry level, in line with 78.6% Fibonacci retracement and ascending trendline support, and further push up towards Take Profit level, in line with -27.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance.

*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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