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Klimex
Mar 22, 2019 2:21 AM

AUDUSD Approaching Support, Prepare For A Bounce Long

Australian Dollar/U.S. DollarFXCM

Description

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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