11.06.2019
AUDUSD
The pair stopped falling in anticipation of the PPI publication in the US that may lead to a wave of USD sales.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch have reversed upwards in the oversold territory.
Trading recommendations:
Buy the pair against the backdrop of weak US data after it passes the level of 0.6965 with a local target of 0.7010.
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