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

Today we take a look at CADJPY. 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 holding above ascending trendline support, where we could potentially see a bounce at buy entry, in line with 61.8% Fibonacci retracement, and a further rise up towards take profit level, which is in line with our horizontal swing high resistance.