AUD/USD right on major support, prepare to buy for a bounce

Price is now testing major support at 0.7969 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level for a rise at least to 0.8066 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) is seeing a pullback support to our descending resistance-turned-support line and we expect it make a bounce off […]