T3-Consultancy

AUDUSD M30: Bullish outlook seen, further upside above 0.6260

Pembelian
FOREXCOM:AUDUSD   Dollar Australia / Dollar AS
On the H1 time frame, prices are approaching the support zone at 0.6260 which coincides with the 61.8% Fibonacci retracement level. A throwback to this 0.6260 support zone presents an opportunity to play the bounce to the next resistance zone at 0.63600. This resistance zone is also a graphical resistance zone in line with the Fibonacci confluence levels. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
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