22.01.2019
AUDUSD
The pair is trading below 0.7150 amid expectations of US-China trade talks on January 30th–31st. It’s also under pressure due to concern over the continuing global economy slowdown.
The price is on the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are also below the level of 50% and are falling.
Trading recommendations:
Sell the pair with a possible target of 0.7070.
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