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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 Stochastics is testing the support level, where a short term bounce may occur. We could potentially see a further rise up to our partial take profit level, which is in line with our 50% Fibonacci retracement, and our take profit level in line with our horizontal swing high resistance.

The material has been provided by InstaForex Company -