21.05.2019
AUDUSD
The pair plummeted after the RBA head Philip Lowe announced possible interest rates reduction at the regulator’s meeting this June. This, as well as the lack of US-China trade deal, may pressure the pair to move downwards.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are falling.
Trading recommendations:
Sell the pair after it passes the level of 0.6865 with a possible target of 0.6800.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
