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 holding above the ascending trendline and moving average support, showing signs of possible bullish pressure. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement and ascending trendline support, towards Take Profit, in line with -27.2% Fibonacci retracement and horizontal pullback resistance.