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AUDUSD bouncing off support, further potential rise!
AUDUSD is bouncing off our first support at 0.7652 (horizontal swing low support, 61.8% Fibonacci retracement, 76.4% Fibonacci extension) and price might be pushed up to our major resistance at 0.7745 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance).
Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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