AUDUSD is approaching our first support at 0.7200 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7270 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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