AUDUSD technical analysis

AUDUSD

Optimism dominates over the global markets as vaccination begins in the UK, and a new stimulus package is expected in the US. Strong economic data from China has a positive impact on the commodity currencies, which may continue to push the pair up.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and growing. Stoch are turning up.

AUDUSD rate online: monitor the price movement in real time.

Trading recommendations:

Buy the pair after it goes above 0.7450 with a likely target of 0.7520.