[AUDUSD] LONG

Back to the basics. We are currently around the support area looking to either break down and continue with the bearish momentum for the market or bounce up and reverse to the bull side. Watch out for fake-outs. This was a very bearish week for AUDUSD and I believe it's about time we start seeing a reversal to the upside.

Technical indicators: RSI oversold on 1H and 4H.