AUD/USD bounces up

Note in the graph how well the course is testing the psychological resistance level 87,00. The course is set in a rising trendkanal, which can lead to a significantly weaker supply response at the margin. Support is located at 85,50 area corresponding to the bottom of the channel and the fibo-50%.

Chart H1: here we see a correction of the recent rise. The course is on the way to 85,50. A candlestick that indicates a upward direction will likely lead to additional gains.

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