AUDUSD bullish hammer in daily time frame. We have 3 bullish confirmation here.
1) Rejection from the bottom of this descending channel.
2) Bullish hammer.
3) AUDUSD oversold.
As you can see NZDUSD is oversold since few weeks thats why every one waiting for the buy opportunity. Today in daily time frame we have a nice bullish hammer with long wick at fibonacci (level 76). In my opinion this is a good buy opportunity. SL below tha bullish hammer
TP fibonacci (level 23.6).
For now NZDUSD coming down towards 0.63302. but there is a strong support also a up trend since 2001 that buyers try to defend and push the market up and fill the gap.
