AUDUSD is approaching our first support at 0.7161 (61.8% Fibonacci retracement, horizontal overlap support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7213 (100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (34, 5, 3) is also approaching support where we might see a bounce this level.
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