AUDUSD Bounced Off Support, Potential Rise
AUDUSD bounced nicely off its support at 0.7029 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 0.7103 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is bounced off its support at 1.4% where a corresponding rise could occur.
Stochastic (55, 5, 3) is bounced off its support at 1.4% where a corresponding rise 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.