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T3-Consultancy

AUDUSD H1: Bullish outlook seen, further upside above 0.6660

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
T3-Consultancy  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index AUDUSD audusdlong audusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar audusd audusdlong audusdbullish forex forexsignals forextrading
Prices are currently testing a key support zone at 0.6660 on the H1 timeframe. A throwback to this support zone, which is in line with the 23.6% Fibonacci retracement, could provide the opportunity to play the bounce to the resistance zone at 0.6720, which coincides with the 61.8% Fibonacci extension. Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
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