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 approaching our buy entry level, in line with our 78.6% Fibonacci retracement and ascending trendline support. We could potentially see a bounce and further rise towards our take profit level, in line with our horizontal swing high resistance.