07.12.2018
AUDUSD
The pair is under pressure against the background of decreasing risk appetite of investors. Favorable employment data in the US may push the pair further to a limited drop.
The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory line and is indicating weaker growth. Stoch are reversing downwards.
Trading recommendations:
If the pair passes 0.7200, it may go further down to 0.7150.
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