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AUD/USD Weekly Forecast (12th October - 16th October)

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
peakbroker Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators swing Forex short aud USD AUDUSD Relative Strength Index (RSI) profit
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trendanalysis indicator swing forex short aud usd audusd relativestrengthindex profit
AUD/USD 4h chart. The price is bouncing on a trend line, after the big run on Friday. I'm expect a correction/ bounce movement. In addition to a great Risk-Reward ratio, RSI is also in the oversold zone, which favors short trade ideas.
Comment:
Move SL to BE, because of the possible bounce on the key level at 0.7200
Trade closed: target reached
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