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FX.co ★ AUD/USD approaching support, potential bounce!

AUD/USD approaching support, potential bounce!

AUD/USD approaching support, potential bounce!

Trading Recommendation

Entry: 0.6831

Reason for Entry: 127% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support

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Take Profit : 0.68615

Reason for Take Profit: horizontal overlap resistance

61.8% Fibonacci retracement

Stop Loss: 0.6886

Reason for Stop loss:

horizontal overlap resistance

76.4% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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