AUDUSD to bounce from oversold extremes?

10월 29일

AUDUSD - 24h expiry

Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Previous support at 0.6585 now becomes resistance.
A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level.

We look to Buy a break of 0.6585 (stop at 0.6560)
Our profit targets will be 0.6645 and 0.6660

Resistance: 0.6620 / 0.6660 / 0.6720
Support: 0.6560 / 0.6530 / 0.6500

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