24.07.2018
AUDUSD
The pair is trading within the range of 0.7310–0.7445 against the background of the US-China trade war and the unlikelihood the RBA raising the interest rates in the foreseeable future.
The price is below the middle Bollinger line, below SMA5 and SMA 14. RSI is below the level of 50% and is smoothly moving down. Stoch are in the oversold zone and aren’t informative.
Trading recommendations:
The price is expected to go down to 0.07310 after passing 0.7360.
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