ASX approaching support, potential bounce!

ASX is approaching our first support at 5668 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 6102 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.