AUD/USD:Bullish Reversal from Oversold Zone with 290-Pips Target
AUD/USD has tested the key oversold area near 0.6200, showing strong buyer rejection. This zone aligns with historical support, making it a high-probability area for a bullish reversal. The take-profit target is set at 0.6490, a major control price reflecting previous equilibrium and significant trading activity.
With confirmation of bullish momentum, this setup offers aiming for a 290-pip move back toward fair value
If today's daily candle as bullish, it would be full confirmation
With confirmation of bullish momentum, this setup offers aiming for a 290-pip move back toward fair value
If today's daily candle as bullish, it would be full confirmation
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