AUDUSD is facing bullish pressure | 26th Apr 2021
Prices are facing bullish pressure from horizontal pullback support in line with 50% Fibonacci retracement and 127.2% Fibonacci extension. Prices can push up further towards resistance which coincides with horizontal swing high resistance in line with 161.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through a pivot, prices might continue to push down and take support from horizontal swing low support in line with 61.8 Fibonacci extensions and 50% Fibonacci retracement. EMA is also above prices, showing a bullish pressure for prices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.