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 0.7242. Set stop loss at 0.7213 and take profit at 0.7296.
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