AUDUSD is approaching our first support at 0.7106 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7197 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where a bounce off this level might see a corresponding rise in price.
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