FX.co ★ AUD/USD Approaching Support, Prepare For A Bounce

AUD/USD is approaching its support at 0.7232 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7289 (horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.

AUD/USD is approaching its support where we expect to see a bounce.

Buy above 0.72321. Stop loss at 0.71955. Take profit at 0.7289.