FXTM_ForexTime

ASX Approaching Support, Prepare For A Bounce!

Long
OANDA:AU200AUD   Australia 200
ASX is approaching its support at 6227 (78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 6278 (horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.