Home About the company Daily reviews Technical analysis AUDUSD 11.10.2019

Technical analysis AUDUSD 11.10.2019

11.10.2019

Market Review

The pair met a strong resistance level amid better outlook for compromise in the US-China trade talks.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and indicates a weakening of growth. Stoch are uninformative in the overbought zone.

Trading recommendations:

If the pair goes above 0.6780, it may continue further up to 0.6810.

Author: admin
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