AUDUSD is facing bullish pressure | 26th Apr 2021

Prices are facing bullish pressure from horizontal pullback support in line with 50% Fibonacci retracement and 127.2% Fibonacci extension. Prices can push up further towards resistance which coincides with horizontal swing high resistance in line with 161.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through a pivot, prices might continue to push down and take support from horizontal swing low support in line with 61.8 Fibonacci extensions and 50% Fibonacci retracement. EMA is also above prices, showing a bullish pressure for prices.