AUDUSD: Triple bottom

AUDUSD, Daily

In the Daily timeframe, AUDUSD formed a triple bottom pattern after a substantial fall. The price bounced from the lower boundary again, with the %R coming out of oversold condition, which makes further growth possible.

• AUDUSD may be considered for a buy on a rise above the resistance at 0.6620 and MA200 with a target of 0.6700;