AUDUSD is approaching major support at 0.7639 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing prices up to major resistance at 0.7775 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (89,5,3) is seeing major support above 4% where a corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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