AUDUSD is approaching our first support at 0.7084 (horizontal overlap support, 61.8% Fibonacci retracement , 100% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7147(38.2% Fibonacci retracement , horizontal pullback resistance).
Stochastic (21, 5, 3) is approaching its support where a corresponding bounce could occur.
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