AUD/USD - trade the up correction near support - good rr ratio
market price reached first support area and 61.8 fibonacci retracement line after strong trend reversal from down trend channel.
-MACD baselines are near bullish crossing which brings buyers into the market
-RSI is in heavy over selled area which brings buyers into the market
-50 and 100 day moving average are still above 200 day moving average which is bullish indicator, expect fast down movement if 50 or 100 day MA cross the red 200 day MA
-MACD baselines are near bullish crossing which brings buyers into the market
-RSI is in heavy over selled area which brings buyers into the market
-50 and 100 day moving average are still above 200 day moving average which is bullish indicator, expect fast down movement if 50 or 100 day MA cross the red 200 day MA
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
