AUDUSD Will Go Higher! Buy!

Please, check our technical outlook for AUDUSD.

Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 0.661.

The above observations make me that the market will inevitably achieve 0.662 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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Trade fermée: cible de profit atteinte:

That was an excellent trade and the target was reached too!