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AUDUSD testing major support, potential for a bounce!

Por ICmarkets
Corretora
AUDUSD is testing intermediate and major support at 0.7892 to 0.7875 (Fibonacci retracement, fibonacci extension, pullback support) and a bounce could occur at this level. Next major resistance level is at 0.7989 (Major 61.8% Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is approaching strong support at 4.4% where a corresponding bounce could occur.
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ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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