CHFAUD is approaching support, potential bounce!

CHFAUD is approaching our first support at 1.334 (horizontal swing low support) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.3421 (horizontal swing high resistance, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.3340 (horizontal overlap resistance, 38.2% Fibonacci retracement) might provide the bullish acceleration to our major resistance level.
Stochastic (89,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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