This mornings major sell off has been supported by the 200 SMA on 1 hour timeframe at 0,9250 and since then, aussie bulls are trying to take control of the pair after reaching resistance area located at 38,20% Fib and 100SMA (0,9310)
RSI indicator shows oversold readings on short time frames probably indicating a short term rebound but if the drop in euro and kiwi continues, I’m expecting a test of 0,9200 figure for the coming sessions.
AUD/USD on 1 hour:
César B.Leiceaga
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