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May 5, 2021 8:45 AM

AUDUSD facing bearish pressure | 5 May 2021 Short

Australian Dollar/U.S. DollarFXCM

Description

Prices are facing bearish pressure from 61.8% Fibonacci retracement level. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension as well as 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Comments
FXCM
RedfishUK
Very good video, well explained
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