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Aug 2, 2018 2:35 AM

AUDUSD Bounced Off Support, Potential Rise! Long

Australian Dollar / U.S. DollarFOREX.com

Description

AUDUSD bounced off its support at 0.7395 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 0.7436 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 4.5% where a corresponding rise could occur.
Comments
evelynhouston856
Please keep posting analysis, thanks!
camptellpellum
Thanks, you are very helpful!
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