ICmarkets
Long

AUDUSD Approaching Support, Potential Bounce!

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching its support at 0.6951 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 0.6989 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.
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