AUD/USD prepare to buy on major support

We prepare to buy above major support at 0.7921 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce above this level to at least 0.7994 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is fast approaching 4% support where we expect a bounce from soon.

Buy above 0.7921. Stop loss is at 0.7896. Take profit is at 0.7994.


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