AUDUSD approaching support, potential bounce!
AUDUSD is approaching our first support at 0.7008 (100% Fibonacci extension, horizontal swing low support) where we might be seeing a bounce to our first resistance at 0.7093 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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