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AUDUSD 17 Oct 2023

AUDUSD 17 Oct 2023 on Daily timeframe. After experiencing a fairly long sideways movement between the S1 and S2 ranges and then even fell to break S2, this pair is now trying to go back up to break S2 towards S1. had occupied the lowest price at 0.62963, currently this pair is in a bullish trend to be able to continue to rise. This is also reinforced by the chart on the stochastic indicator which shows a trend reversal chart due to oversold. Therefore go-long can be an option for traders. But if the opposite happens, there is a factor that affects the market so that the bearish is again experienced by this pair, then go-short is an option. Keep an eye on the market and all its indications before starting a trade.

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