Tickmill
Long

AUDCHF approaching support, potential bounce!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement , 61.8 fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension ).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
Great work bro. You are a swing trader?
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