EURAUD bounced nicely off its support, potential to rise further

EURAUD bounced nicely off its support at 1.5651 (Horizontal swing low support) and has the potential to rise to its 1st resistance at 1.5810 (100% Fibonacci extension , 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance). If it breaks past this level it could potentially rise to its 2nd resistance at 1.5979 (L T 61.8% Fibonacci extension , 100% Fibonacci extension , swing high resistance).

Stochastic (34, 5, 3) shows a lot of upward potential.