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ICmarkets
Dec 21, 2018 4:52 AM

AUDCHF Testing Support, Potential Bounce Long

Australian Dollar/Swiss FrancFXCM

Description

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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