AUD/USD Outlook: Larger Bears May Take a Breather as Daily Studies are Oversold

<p>Wednesday’s Asian / European action was so far shaped in a long-legged Doji candle, signaling indecision, as oversold conditions on daily chart suggest some profit-taking after the pair was in a steep fall in past four weeks (down around 5%). Bears faced headwinds from significant supports at 0.6463/58 (Fibo 61.8% of 0.5509/0.8007 / May 31 […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/514553-aud-usd-outlook-larger-bears-may-take-a-breather-as-daily-studies-are-oversold/">AUD/USD Outlook: Larger Bears May Take a Breather as Daily Studies are Oversold</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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