17.09.2019
AUDUSD
The pair dropped amid the publication of the minutes of the RBA meeting on monetary policy. The document showed the probability of lowering interest rates by the bank to support economic growth in the country. This may put limited pressure on the pair.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and indicates a weakening of the price decline. Stoch are in the oversold zone.
Trade recommendations:
Sell the pair if it stays below 0.6840 with a local target of 0.6800.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
