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 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.