AUDUSD Is Going Up! Long!

18 באפר׳

Please, check our technical outlook for AUDUSD.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 0.644.

The above observations make me that the market will inevitably achieve 0.650 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

8 במאי

עסקה סגורה: היעד הושג

Great news, our trade has finally paid off!