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AUDUSD bouncing up nicely, watch for a further rise!
AUDUSD has started to bounce above strong support at 0.7784 (Fibonacci retracement, horizontal overlap support) and a further rise could occur at this level to push price up to 0.7827 resistance (Fibonacci retracement, horizontal overlap resistance) before 0.7889 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing intermediate ascending support push price up nicely and has good upside potential before 98%.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing intermediate ascending support push price up nicely and has good upside potential before 98%.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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