AUDNZD bounced from first support, potential for further rise!

Price is holding above the ascending trendline, and has just bounced from our first support at 1.06277, which is in line with our 161.8% Fibonacci extension and horizontal swing low support. It could potentially rise further to our first resistance at 1.06663, in line with our 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing high resistance. It is also worth noting that the RSI has just bounced from the support level at 42.78.

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