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AUDUSD bounced off support, potential for further rise!

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
easyMarkets Broker  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD CAD NZD EUR jpy chf GBP
49
0
trendanalysis harmonicpatterns chartpattern audusd aud usd cad nzd eur jpy chf gbp
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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