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CHFAUD approaching support, potential bounce!

Long
SWISS FRANC / AUSTRALIAN DOLLAR (FX_IDC:CHFAUD)  
easyMarkets Broker  
FX_IDC:CHFAUD   SWISS FRANC / AUSTRALIAN DOLLAR
Trend Analysis Harmonic Patterns Chart Patterns CHFAUD chf aud chfaudlong chfaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern chfaud chf aud chfaudlong chfaudshort forex forextrading forexsignals

CHFAUD is approaching our first support at 1.3341 (horizontal overlap support, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3403 (horizontal overlap resistance, 50% Fibonacci retracement.
Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
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