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Euro / Dollar Australia
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EURAUD seeing strong bullish support, potential for further rise

Oleh Tickmill
Broker
EURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance).

Stochastic (55,5,3) is seeing strong support above 3.5% where a corresponding bounce could occur.

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Tickmill
Broker
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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