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AUDUSD approaching support, potential bounce!

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 audusdlong audusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdlong audusdshort forex forextrading forexsignals
AUDUSD is approaching our first support at 0.7161 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7233 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price.
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