06.09.2016
AUDUSD
The pair is breaching the resistance level of 0.7635 amid the RBA's decision to keep the interest rates unchanged. Additional factor is the weakness of the US dollar prior to the Fed meeting later this month.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is coming closer to the overbought zone. Stoch are entering the zone.
Trading recommendations: If the pair manages to stay above 0.7635 level, there is a high chance that it will continue to rise reaching 0.7690-0.7700.
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