ICmarkets

AUDCHF Testing Support, Potential Bounce

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF is approaching its support at (61.8% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce to its resistance at 0.7088 (23.6% Fibonacci retracement , horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.

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