AUDUSD Will Fall! Sell!

28 Sep

Take a look at our analysis for AUDUSD.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 0.689.

The above observations make me that the market will inevitably achieve 0.676 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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1 Okt

Catatan

Great beginning for a trade, let’s hope it goes further!