AUDUSD Facing Bullish pressure | 21 June 2021

AUDUSD Facing Bullish pressure | 21 June 2021 for FOREXCOM:AUDUSD by FXCM

AUDUSD Facing Bullish pressure | 21 June 2021



AUDUSD dropped quickly and made new lows. With price now trading sideways and consolidation, it could be a signal that price is looking for a short-term reversal. A break and close above our buy entry and 23.6% Fibonacci retracement level at 0.75479 will see a renewed push higher towards graphical overlap resistance and 61.8% Fibonacci retracement level at 0.76488. Stochastic is testing support as to where price bounced in the past.

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