AUDUSD is approaching our first resistance at 0.7472 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7345 (horizontal swing low support).
Stochastic (89,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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