Hello Traders,
Here we have a very simple Price Action setup on the AUDUSD.
We drew a very clean trendline which confluences with our 0.70450 support level.
Our target is also very easy to spot, which are our two previous highs at 0.70700.
Further indication for reversal can be taken from our RSI which indicates a slight oversold condition.
I wish you all a happy New Year.
Here we have a very simple Price Action setup on the AUDUSD.
We drew a very clean trendline which confluences with our 0.70450 support level.
Our target is also very easy to spot, which are our two previous highs at 0.70700.
Further indication for reversal can be taken from our RSI which indicates a slight oversold condition.
I wish you all a happy New Year.
