17.10.2019
The pair is above 0.6775, while still trading flat due to the uncertainty of the RBA’s policies until the end of the year and the lack of clear prospects concerning 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 turns down. Stoch are in the overbought zone and indicate a weakening of growth.
Trading recommendations:
If the pair drops below 0.6775, it may correct up to 0.6735. Buy the pair as it moves down from 0.6735 with a local target of 0.6810.
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