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Seafair-Capital-Management
Feb 7, 2023 3:42 AM

AUDUSD Potential 4H Long Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD has recently had a big fall as the DXY has shown major strength recently. I think this is a possible buy area perhaps as the non-US FX majors are extremely oversold and the DXY is heavily overbought. I have marked some supply and demand zones on the chart. Currently we are in a potential support demand zone . I have taken a buy position recently and will be adding soon to a lot of pairs.

Trade closed: target reached

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