Technical analysis 21.09.18

AUDUSD

The pair has reached the maximum point due to the decreased tensions around the US-China trade war, but this negative factor hasn’t been ruled out completely, which means that a change in the market sentiments may lead to the pair reversing downwards. Moreover, the Fed is expected to raise the key interest rate next week.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are also there.

Trading recommendations:

If the pair doesn’t pass 0.7300, it may reverse downwards and head to 0.7230.