Weekly Technical Analysis Report 9 June – Bullish outlook on AUDUSD
June 9, 2023
Weekly Technical Analysis Report 9 June – Bullish outlook on AUDUSD
1. This week’s outlook on AUDUSD: Bullish outlook seen
Price is hovering above a key support zone at 0.6650, which is in line with the 23.6% Fibonacci retracement, on H4 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 0.6780, which coincides with the 100% Fibonacci extension. Price is above ichimoku cloud and 20 EMA, supporting our bullish bias.
Bullish Outlook on AUDUSD – 9 Jun by Salzworth on TradingView.com
