AUDUSD Bounces off Downchannel Support on Daily Chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD             has solidly bounced off of downchannel support on the daily chart , after having formed a Doji Thursday, and traded within an ever tighter range Friday. The Asian session today (Monday) opened with a gap higher, as daily RSI , Stochastics and MACD are now all rallying off of oversold levels. Those going long at current levels should keep in mind that the AUDUSD             is still within the downchannel .

For my multiple timeframe analysis on AUDUSD             , feel free to visit:


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