25.06.2020
The pair continues trading in the range of 0.6800-0.6975 amid falling demand for risky assets due to the aggravation of the situation in the US around COVID-19, despite the continuation of the gradual recovery of the country's economy.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Movings give a sell signal. RSI is below the 50% level and indicates a weakening of the price decline. Stoch entered the oversold zone.
Trading recommendations:
A decline below 0.6860 may lead it to further drop to 0.6800.
The AUDUSD rate online: monitor the movement of the pair in real time
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