Australia 200
Long

ASX Approaching Support, Potential Bounce!

36
ASX is approaching its support at 6242 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially rise to its resistance at 6289 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 6% where a corresponding rise could occur.

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