AUDUSD is approaching our first support at 0.7163 (horizontal overlap support, 61.8% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7217 (23.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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