AUDUSD is approaching our first support at 0.7163 (61.8% fibonacci retracement, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7163 (Horizontal pullback resistance, 50% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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