AUDUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:
Publish Date : 2019/09/19 - 06:44

AUDUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:


Possible minor rebound before further decline…

AUDUSD pair has just continued its downtrend as expected.

Right now the pair is hovering around 0.6760 area which is a short-term pivotal support.

Pay attention that RSI indicator is signaling extreme oversold.it may put the pair more at risk of the rebound.


Bearish bias:

If the prices come back from the rebound around short-term pivotal resistence at 0.6860,further decline to next support area at 0.6690 is due.

Source: forex.com

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