CHFAUD approaching support, potential bounce!

CHFAUD is approaching our first support at 1.3312 (horizontal overlap support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3480 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).

Stochastic (89,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

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