AUDUSD approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7400 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7469 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
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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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