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Nov 21, 2018 8:35 AM

ASX100 Approaching Support, Potential Bounce! Long

Australia 200OANDA

Description

ASX100 is approaching its support at 5556 (61.8% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 5975 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance). Stochastic is approaching its support at 8.9% where a corresponding bounce could occur.
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