AUDUSD technical analysis 21.12.2020
The pair is trading below 0.7575 as the US dollar is up amid the new stimulus package from the US Congress, which may have a noticeable impact on the inflation growth in the country.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving averages suggest selling. RSI is below the 50% level and also signals to sell the pair. Stoch are down sharply.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendation:
Sell the pair with its probable fall to 0.7500.
