ASX is approaching our first support at 5577.4 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 5976.5 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is approaching support and we might see a corresponding bounce in price should it bounce off this level.
Stochastic (89,5,3) is approaching support and we might see a corresponding bounce in price should it bounce off this level.
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