AUD/USD: 1-hour
Here's a potential short-term bounce on AUD/USD’s 1-hour forex chart. As you can see, price is currently testing the range support around the .8100 major psychological level and may be due for a rally. Stochastic is indicating a pickup in bullish momentum anyway, which suggests that a move to the top of the range at the .8250 minor psychological resistance is possible. A strong break below the .8100 handle, on the other hand, could mean that the pair is in for more losses. Just make sure you know how to avoid fakeouts if you’re planning on shorting!
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