AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7555 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.7617 (horizonal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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