AUDUSD a turn at the 0.5 Fibonacci 🦐
AUDUSD has experienced an impulse move followed by a retracement that found support at an important daily level, specifically the 50% retracement level.
The price has since bounced off this support level and has been making higher highs and higher lows.
There is a key resistance level at 0.70000, and if the price is able to break above this level, it may provide a bullish opportunity to go long.
The price has since bounced off this support level and has been making higher highs and higher lows.
There is a key resistance level at 0.70000, and if the price is able to break above this level, it may provide a bullish opportunity to go long.