AUD/USD approaching support, potential bounce!

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Trading Recommendation

Entry: 0.6831

Reason for Entry: 127% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support

Take Profit : 0.68615

Reason for Take Profit: horizontal overlap resistance

61.8% Fibonacci retracement

Stop Loss: 0.6886

Reason for Stop loss:

horizontal overlap resistance

76.4% Fibonacci retracement

The material has been provided by InstaForex Company - www.instaforex.com