29.04.2019
AUDUSD
The pair is recovering against the backdrop of the local weakening of the USD rate before the Fed meeting that’s to tale place on Mai 1st. The pair is also supported by the renewed US-China trade talks.
The price is below the upper Bollinger band, above SMA 5 and SMA 14. RSI is crossing the level of 50%. Stoch have again reversed upwards.
Trading recommendations:
Sell the pair if it passes 0.7060 with a possible growth to 0.7125.
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