Tickmill

AUDUSD approaching support, potential bounce!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our first support at 0.7008 (100% Fibonacci extension, horizontal swing low support) where we might be seeing a bounce to our first resistance at 0.7093 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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