AUD/USD Weekly Forecast (12th October - 16th October)

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AUD/USD 4h chart. The price is bouncing on a trend line, after the big run on Friday. I'm expect a correction/ bounce movement. In addition to a great Risk-Reward ratio, RSI is also in the oversold zone, which favors short trade ideas.
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Move SL to BE, because of the possible bounce on the key level at 0.7200
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audAUDUSDForexTechnical IndicatorsprofitRelative Strength Index (RSI)shortswingTrend AnalysisUSD

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