26.03.2020
The pair is trading below 0.5960. Deteriorating market sentiment may put pressure on it again. In general, markets remain volatile, balancing between the negative effects of coronavirus and large-scale stimulus measures from the world's central banks, including the Australian RBA.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect and suggest selling. RSI is at 50%. Stoch are reversing in the oversold zone.
Trading recommendations:
Sell the pair if it does not grow above 0.5960 with a local target of 0.5735.
The AUDUSD rate online: monitor the movement of the pair in real time.
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