AUD/USD is approaching major support, prepare for a bounce
Price is approaching major support at 0.7731 (Fibonacci extension, Fibonacci retracement, horizontal overlap support), and a strong bounce from this level would push the price up towards the 0.7986 resistance (Fibonacci retracement, horizontal swing high resistance). We have to be careful about intermediate resistance at 0.7890 too. Stochastic (34,5,3) is seeing major support at 0.4% […]