10.09.2018
AUDUSD
The pair is still under pressure as Donald Trump threatens to raise tariffs on Chinese import to 267 billion dollars which worries the investors who expect slower world economy growth and, as a result, weaker demand of raw materials and commodities.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are also there.
Trading recommendations:
The pair is expected to continue falling to 0.7115 after passing the level of 0.7100 and taking hold below it.
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