24.06.2020
The pair remains in the range in due to the controversial factors, which on the one hand, support the demand for commodity assets, which is beneficial for the Australian currency, but on the other hand, the theme of the pandemic doesn't allow it to break out of this range.
Technical side:
The price is above the middle Bollinger indicator, below SMA 50, but above SMA 14. RSI is above the 50% level and moves horizontally. Stoch are falling steadily.
Trading recommendations:
A decline below 0.6925 may lead to a price correction to 0.6800.
The AUDUSD rate online: monitor the movement of the pair in real time.
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