AUDUSD is at a major support level and it is at its lowest in a decade, so i would expect buyers to be waiting in this area to push the price back up.
Also the RSI is oversold
Before we take trade, be aware that the price might make a fake breakout, because market movers are stop hunting, and it is very obvious to see where traders would put their SL, so either wait for a breakout to happen and buy when it comes back up, or just put a very wide SL.
Also the RSI is oversold
Before we take trade, be aware that the price might make a fake breakout, because market movers are stop hunting, and it is very obvious to see where traders would put their SL, so either wait for a breakout to happen and buy when it comes back up, or just put a very wide SL.