easyMarkets
Long

AUDUSD approaching support, potential bounce!

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our first support at 0.7143 (horizontal pullback support, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major support at 0.7274 (horizontal swing high resistance, 61.8% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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So what we have here is a weak greenback and strong Ausiehttps://www.
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