FX.co ★ AUD/USD testing major support, remain bullish

The price has now started to test our support buying area. We remain bullish looking to buy above 0.7868 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 0.7974 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is bouncing up nicely from our 2.9% support area as expected.

Buy above 0.7868. Stop loss is at 0.7793. Take profit is at 0.7974.