26.07.2019
AUDUSD
The pair remains under pressure in anticipation of the RBA reducing interest rates and the Federal Reserve issuing the final decision on monetary policy.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold area and moves horizontally. Stoch are also in this zone but uninformative.
Trading recommendations:
Expect the price to continue falling to 0.6900 if it remains below 0.6955.
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