AUDNZD Will Go Higher! Long!
Please, check our technical outlook for AUDNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.077.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.089 level soon.
P.S
We determine overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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