25.09.2018
AUDUSD
The pair is below the support level of 0.7255. It’s affected negatively by the increasing tension around the US-China trade relations following Beijing's decision to cease the negotiations on Monday.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is trying to reverse upwards. Stoch are in the oversold zone.
Trading recommendations:
Sell the pair with local targets of 0.7200 and 0.7150.
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