AUDUSD technical analysis 29.07.2020

AUDUSD
The pair is trading just below the strong resistance level of 0.7170 in anticipation of the Fed’s monetary policy decision along with Jerome Powell's statement. If Powell focuses on stimulus and hopes of a steady economic recovery by the end of the year like the rest of the Fed, this will have a negative impact on the dollar rate.
Technical side:

The price is above the middle Bollinger indicator, at SMA 5 and above SMA 14. RSI moves horizontally under the overbought zone. Stoch indicate a weaker growth.

AUDUSD rate online: monitor the price movement in real time.

Trading recommendations:
If the pair goes above 0.7170, it will rise further to 0.7200, and then to 0.7235.