AUD/USD approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7147 ( ascending channel support, 61.8% Fibonacci extension , 61.8% retracement ) where a strong bounce might occur to our first resistance at 0.7189 (horizontal swing high resistance, 100% Fibonacci extension ).

Stochastic is also approaching support where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

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