AUDUSD: Hit the 4 month Support Zone over the 0.618 Fib. Bullish

9 במרץ 2023

The AUDUSD pair is vastly oversold on the 1D time frame (RSI = 29.541, MACD = -0.008, ADX = 36.291) as the price hit the S1 Zone going back to November 21st. The 0.618 Fibonacci is at the bottom of this zone and makes the strongest possible Support. As a result we are turning long on this pair, targeting the 1D MA200 (TP1 = 0.67500) and the 1D MA50 (TP2 = 0.68500) on a 1 month horizon.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##