Aud/Usd Roadmap for 23.06.15

Context:
price is in a downward channel , where we currentyl are at an oversold condition and near the demandline of
the upward channel , which per se is a nice confluence level to lookout for a reversal trade , however as
long as we are conatined within the downchannel , there is still weakness present ,


Trade Opportunites:

Long:
reversal at oversold and demandline of a channel

Short:
Retracement at supplyine of downchannel
reversal at 50% mark 77600


Signs of strength:
upchannel


Signs Of weakness:
downchannel


Support:
76400
75600

Resistance:
77400
77600

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