AUDUSD testing major support, potential for a bounce!
AUDUSD is testing intermediate and major support at 0.7892 to 0.7875 (Fibonacci retracement, fibonacci extension, pullback support) and a bounce could occur at this level. Next major resistance level is at 0.7989 (Major 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support at 4.4% where a corresponding bounce could occur.
Stochastic (21,5,3) is approaching strong support at 4.4% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.