AUDUSD bouncing off support, further potential rise!

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AUDUSD is bouncing off our first support at 0.7652 (horizontal swing low support, 61.8% Fibonacci retracement, 76.4% Fibonacci extension) and price might be pushed up to our major resistance at 0.7745 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance).

Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a further potential rise in price.

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