Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

AUD/USD Approaching Support, Prepare For A Bounce!

July 18, 2018 Analytics

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AUD/USD is approaching its support at 0.7366 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 0.7413 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.

AUD/USD is approaching its support where a bounce is expected.

Buy above 0.7366. Stop loss at 0.7345. Take profit at 0.7413.

analytics5b4f2d89f21bf.png

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