18.07.2018
AUDUSD
The pair is trading below 0.7360 and is likely to keep moving in the current sideways trend against the backdrop of trade wars and the possible further interest rates raise by the Fed which was indicated at on Tuesday by its chairman Jerome Powell.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are in the oversold zone and are not informative.
Trading recommendations:
If level of 0.7360 is breached, the price may fall down to 0.7300–10.
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