21.10.2020
The pair turned up on hopes for a new stimulus deal in the US, the positive outlook weighs on the dollar. If this sentiment persists, the price will continue upwards.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving averages are to intersect and suggest buying. RSI crosses the 50% level, which is also a buy signal. Stoch are entering the overbought zone.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy a pair with a local target of 0.7125.
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