AUDNZD: The Oversold Market Is Good for Buying

The market is oversold. RSI line dropped below 30. It confirms that the price can be reversed at any time, and the support zone at 1.04000 looks like a good place for such reversal.

The market must be added to a watchlist. The confirmed reversal signals will be good for buying based on the daily and hourly timeframes.
If the price breaks the support and drops below 1.04000, we should be ready to see the downward movement to 1.02760 support level.

As the market is oversold, I would like to skip any sell opportunities and wait for bullish signals.