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AUDUSD Bounced Off Support, Potential Rise

Oleh ICmarkets
Broker
AUDUSD bounced nicely off its support at 0.7159 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7240 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 1.7% where a corresponding rise could occur.
audAUDUSDaudusdlongaudusdshortChart PatternsForexforexsignalforextradingHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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