easyMarkets

AUDUSD approaching support, potential bounce!

Long
FX:AUDUSD   Dollaro australiano / Dollaro
AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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