03.12.2018
AUDUSD
The pair is trading with a gap following the meeting of Donald Trump with Xi Jinping at G20 summit in Argentina, which turned out to be positive for the market. Overall growth of the demand for risk assets and lower tension on the markets may lead to the further local growth of the pair.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI has entered the overbought territory. Stoch are also entering this area.
Trading recommendations:
If the pair remains above 0.7340, it may move further up to 0.7450.
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