AUD/USD testing major support, remains bullish




The price started the testing of our purchases support the area. We remain bullish looking to buy above 0.7868 of support (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 0.7974 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is bouncing up to our 2.9% of the support zone as expected.

Buy above 0.7868. Stop loss is at 0.7793. Take profit is at 0.7974.



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