easyMarkets

AUDUSD approaching support, potential bounce!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our first support at 0.7147 (ascending channel support, 61.8% Fibonacci extension, 61.8% retracement) where a strong bounce might occur to our first resistance at 0.7189 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.


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