Technical Analisys 14.05.19

AUDUSD

The pair remains under pressure amid the escalating trade crisis between Washington and Beijing. If this situation persists, the pair will continue to fall smoothly.

The price is below the middle Bollinger band, at the level of SMA 5, but still below SMA 14. The relative strength index RSI is below the level of 50% and moves horizontally. Stoch grow.

Trading recommendations:

If the price holds below the level of 0.6965, but at the same time drops below the 0.6945 mark, we consider it possible to sell it with a local target of 0.6900.