AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7243 (100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal swing low support ) where a strong drop might occur below this level pushing price up to our major resistance at 0.7260 (horizontal pullback resistance, 38.2% Fibonacci retracement ).
Stochastic (89,5,3) is also support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also support where we might see a corresponding bounce 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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