AUDUSD bounced off support, potential for further rise!
AUDUSD has bounced off our first support at 0.7161 (61.8% Fibonacci retracement , horizontal overlap support) where a further rise might occur above this level pushing price up to our major resistance at 0.7207 (100% Fibonacci extension , 23.6% Fibonacci retracement).
Stochastic (34, 5, 3) has bounced off support where we might see a further rise above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34, 5, 3) has bounced off support where we might see a further rise above this level.
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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