18.10.2019
The pair is trading above the level of 0.6825. It could still has the potential to 0.6885 amid the lower expectations of the RBA reducing interest rates before the end of the yea. The pair is locally overbought from a technical point of view and may correct downwards.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and is moving horizontally. Stoch are in the overbought zone and reversing down.
Trading recommendations:
Sell the pair after its decline below the level of 0.6825 with a local target of 0.6800
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