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AUDUSD Approaching Resistance, Potential Reversal

由ICmarkets提供

AUDUSD is approaching its resistance at 0.7295 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.7198 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

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