07.09.2018
AUDUSD
The pair is still under pressure amid growing concern over the world economy slowing down because of the trade wars and the decreasing demand for risk assets.
The price is below the lower 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 falling to 0.7100 after passing 0.7165 and taking hold below this level.
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