Tickmill

AUDUSD approaching support, potential bounce!

Panjang
FX:AUDUSD   Dolar Australia / Dolar A.S.
AUDUSD is approaching our first support at 0.7428 (horizontal swing low support, 61.8% Fibonacci extension). A strong bounce might occur above this level pushing price up to our major resistance at 0.7483 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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