AdamReid

AUDUSD RSI Div At Support

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD is resting on a self of support with numerous failed attempts to break that level. The RSI was oversold followed by two higher lows giving us bullish divergence. An opportunity to get long with a higher close candle with initial targets at structure & extended targets at a Fibonacci extension 127.2 or the 161.8 which lines up perfectly with the resistance structure level & round psychological number of 0.7600.
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