AUDNZD | Channel's Support Might Retrace the Price

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Initiate Long.

Entry - 1.03047
TP1 - 1.07903
TP2 - 1.11770
SL - 1.01518

Reason: The price is near to the Channel's support level. Also we see the RSI is going to oversold zone. If you meet both conditions (RSI oversold and Price on Support) you can initiate position.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.

Mid-Term Signal