Pepperstone

AUDCHF Bounced Off Its JMajor Support!

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF bounced nicely off its support at 0.7147 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7193 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 4.29% where a corresponding rise could occur.

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