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AUDCHF approaching support, potential bounce!

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Tickmill Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDCHF aud chf audchflong audchfshort Forex forestrading
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trendanalysis harmonicpatterns chartpattern audchf aud chf audchflong audchfshort forex forestrading
AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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