05.10.2018
AUDUSD
The pair remains in a short-term downtrend due to the still unresolved US-China trade dispute. It may be put under extra pressure after the US employment data is released today.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone and is moving horizontally. Stoch are not informative.
Trading recommendations:
The price’s inability to rise above 0.7085 may result in its dropping to 0.7020 or even further down to 0.7000.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
