FXCM

AUDNZD facing bullish pressure | 11 May 2021

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension . If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also below prices, showing a bullish pressure for prices.

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