AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7161 (61.8% Fibonacci retracement, horizontal overlap support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7213 (100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (34, 5, 3) is also approaching support where we might see a bounce 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) is also approaching support where we might see a bounce 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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