easyMarkets
Long

AUDUSD bounced off support, potential for further rise!

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has bounced off our first support at 0.7161 (61.8% Fibonacci retracement , horizontal overlap support) where a further rise might occur above this level pushing price up to our major resistance at 0.7207 (100% Fibonacci extension , 23.6% Fibonacci retracement ).
Stochastic (34, 5, 3) has bounced off support where we might see a further rise above this level.

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