AUDNZD facing bullish pressure | 11 May 2021

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.

Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information

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.