AUDUSD Testing Support, Potential For A Bounce
AUDUSD is approaching its support at 0.7243 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 0.7311 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 3.8% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is testing its support at 3.8% where a corresponding bounce could occur.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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