AUDUSD has reached our target, prepare for a potential bounce!

20 thg 2, 2018

AUDUSD has dropped perfectly as forecasted towards our major support. Now we’re seeing major support at 0.7891 (Fibonacci retracement, horizontal overlap support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.7934 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing major support above 6.4% and can also see bullish divergence vs price, which is a potential precursor to a bounce.

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