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T3-Consultancy

AUDUSD M30: Bullish outlook seen, further upside above 0.6260

Panjang
Dolar Australia / Dolar A.S. (FOREXCOM:AUDUSD)  
T3-Consultancy  
FOREXCOM:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdlong audusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdlong audusdshort forex forextrading forexsignals
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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