Klimex

AUDUSD Approaching Support, Prepare For A Bounce

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching its support at 0.7043 (horizontal swing low support, 61.8% Fibonacci extension, 76.4 % Fibonacci retracement) where it could potentially bounce to its resistance at 0.7113 (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (21, 5, 3) is approaching its support where a corresponding bounce could occur.

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