AUDNZD: The Oversold Market at The Support

The price reached the support zone at 1.04500 level, and we will be able to get a reversal candlestick pattern soon.

RSI reached the oversold zone. It tells us the market to think about an upward movement. MACD histogram provides a bullish signal and supports buyers.

In spite of bearish signals from DMI and MACD lines, I would like to search for buy opportunities using the daily and lower timeframes. Buy trades looks much better in the oversold market at the support zone than sell trades. I add this market to my watch list, and I advise you to do the same. Let's wait for clear trading setups together.