06.10.2020
There’s a possibility of a local reversal before the pair attempts to rise again ahead of today’s statements from Christine Lagarde and Jerome Powell.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is under the oversold zone and is turning down. Stoch are exiting the oversold zone
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
The pair may correct to 1.1740.
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