AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7236 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension, channel support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7310 (horizontal overlap resistance, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise 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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