05.05.2020
The pair corrected up after falling on Friday Amis the rising prices for commodity and commodity assets, as well as following the results of the RBA meeting, which decided to keep the key interest rate at 0.25%. Positive market sentiment may push the pair to further growth.
Technical side:
The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI crosses the 50% level. Stoch are in the oversold zone and indicate a weakening of the price growth.
Trading recommendations:
The pair is at the support level of 0.6440. If it holds against the background of positive dynamics in the markets, there is a probability of further growth of the pair to 0.6565. At the same time, its decline below this level will lead to a fall to 0.6370. The first scenario is more likely to be.
AUDUSD rate online: monitor the movement of the pair in real time.
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