AUDUSD is facing bullish pressure

AUDUSD is facing bullish pressure for FX:AUDUSD by FXCM

AUDUSD is facing bullish pressure



Price is facing bullish pressure from 1st support at 0.78128, in line with 61.8% fibonacci extensions and horizontal swing low support. Price could bounce off 1st support to the 1st resistance which coincides with 61.8% fibonacci retracement , 161.8% fibonacci extension and horizontal swing low support. If prices fall through 1st support, prices could reach 2nd support which coincides with horizontal pullback support, 50% fibonacci retracement and 127.2% fibonacci extension . EMA is also below prices, showing bullish pressure on price.

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