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AUDUSD testing major support, potential for a bounce!
AUDUSD is testing intermediate and major support at 0.7892 to 0.7875 (Fibonacci retracement, fibonacci extension, pullback support) and a bounce could occur at this level. Next major resistance level is at 0.7989 (Major 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support at 4.4% where a corresponding bounce could occur.
Stochastic (21,5,3) is approaching strong support at 4.4% where a corresponding bounce could occur.
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