AUDUSD Facing bearish pressure | 22 July 2021

FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD reversing from the lows. With technical indicators now showing room for further bullish momentum, a further push up above our entry at 0.73628 towards Fibonacci confluence zone at our take profit level 0.74132 could be possible. We have both 100% Fibonacci extension and 61.8% Fibonacci retracement lining up at the confluence zone.

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I always appreaciate your input on AUDUSD
thanks for sharing
+1 Reply
I agree with your technical outlook!
+1 Reply
Nice short term opportunity, lovely chart!
What is your stop placement recommendation here?