AUDCHF is approaching our first support at 0.7217 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7315 (horizontal overlap resistance, 61.8%, 76.4%, 50% Fibonacci retracement). Stochastics (34,5,3) is approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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