AUDUSD approaching major support, potential for a bounce

in #busy • 7 years ago

AUDUSD 0.16% is approaching major support at 0.7639 ( Fibonacci retracement ,

U5dtqBhnSbAyo7jWNC5UvLz57gMFGfT_1680x8400.png

Fibonacci extension , horizontal swing low support) and a strong bounce could occur at this level pushing prices up to major resistance at 0.7775 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance).

Stochastic (89,5,3) is seeing major support above 4% where a corresponding bounce could occur.

#org #forex #analysis #work
7 years ago in #busy by
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