25.06.2021
AUDUSD
The pair is receiving support due the demand for commodity assets and the growing investor’s confidence about the same Fed’s monetary rate for a significant period of time.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is gradually growing. Stoch are entering the overbought zone.
AUDUSD rate online: monitor the price movement in real time.
Trading idea:
Buy the pair after its growth above 0.7600 with a likely increase to 0.7655.
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