AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7225 (horizontal overlap support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7148 (38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching 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 approaching 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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