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AUDUSD approaching support, potential bounce!

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Dollar Australia / Dollar AS (FX:AUDUSD)  
easyMarkets Broker  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdlong audusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdlong audusdshort forex forextrading forexsignals
AUDUSD is approaching our first support at 0.7652 (horizontal swing low support, 61.8% Fibonacci retracement, 76.4% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7745 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance).

Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

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