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AUDUSD Approaching Support, Potential Bounce

Oleh ICmarkets
Broker
AUDUSD is approaching its support at 0.7114 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7166 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (55, 5, 3) is approaching its support at 1.2% where a corresponding bounce 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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