CHFAUD approaching support, potential bounce!
CHFAUD is approaching our first support at 1.3341 (horizontal overlap support, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3403 (horizontal overlap resistance, 50% Fibonacci retracement.
Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
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