AUDUSD Daily Analysis 31.12.2018

FX:AUDUSD   Australian Dollar / U.S. Dollar
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.


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