AUDUSD technical analysis 22.12.2020
The pair are under pressure amid fears in financial markets over the new, more quickly spreading COVID-19 strain in the UK. Spreading to mainland Europe may increase the death toll and cause new lockdowns.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and signals to sell the pair. Stoch turn down.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
We consider it possible to sell the pair with its probable fall to 0.7500.
