Weekly – aud usd technically oversold and remain buy

 

Weekly – aud usd technically oversold and remain buy

Weekly aud usd forex technicals for 21 to 25 November 2016

Aud usd forex pair this week closed at 0.7330 with almost 3% drop in this week. Aussie dollar is highly oversold and approaching bottom against US dollar. From here medium to long term view remain buy on dips for aud usd. On downside 0.73 and 0.7150 are major supports as well as buying levels. On upside 0.7450 and 0.75 are medium term targets zones. While 0.7725 is long term target zone.

 

 

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