AUDUSD is facing Bullish Pressure | 10 Sept 2021

Price is hovering at our pivot level at 0.73795 which is in line with 38.2% and 23.6% Fibonacci retracement level. With price testing several times on the middle of the Bollinger Bands , we believe that it could potentially go up to our take profit at 0.74629 at 109.120, in-line with 88.00% Fibonacci retracement level. Alternatively if prices dipped further, we would place our stop loss at 0.73488 in line with 50% Fibonacci retracement level. Ichimoku and MACD are both showing bullish momentum.

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