AUD/USD approaching support, prepare for a bounce
AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to the resistance at 0.7296 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur. AUDUSD is approaching its support where we expect to see a bounce.
Buy above 0.7...
Jeff Wecker