06.09.2018
AUDUSD
The pair is still under pressure against the backdrop of the escalating trade war between the US and China which may have a negative influence on Australia’s export to China.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and is moving down. Stoch are also reversing downwards passing the level of 50%.
Trading recommendations:
The pair is expected to continue going down to 0.7100 after passing the level of 0.7165.
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