AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% Fibonacci extension, Elliot wave structure) where we might see a corresponding bounce in price to our major resistance at 0.7114 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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