Bullish Outlook on AUDUSD - 9 June 2023

9 thg 6, 2023

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.