AUD/USD Testing Support, Prepare For Bounce
AUD/USD is approaching its support at 0.7243 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.7311 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 3.8% where a corresponding bounce is expected.
AUD/USD is testing its support where we expect to see a bounce.
Buy above 0.7243. Stop loss at 0.7203. Take profit at 0.7311.