FX.co ★ Daily Video Analysis: AUDUSD facing bullish pressure, potential for further rise!

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 the MACD line holds above the 0 line, in line with our bullish bias. We could potentially see a bounce at our buy entry level, which is in line with our 23.6% Fibonacci retracement and a further rise towards our take profit levels, which is in line with our -61.8% Fibonacci retracement and 161.8% Fibonacci extension levels.