19.02.2019
AUDUSD
The pair is in downtrend following the publication of minutes of the latest RBA monetary policy meeting which revealed that the bank isn’t hurrying to hike interest rates in the foreseeable future.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intercross and suggest selling. RSI is passing the level of 50% and also signals to sell. Stoch have entered the oversold territory.
Trading recommendations:
Sell the pair after is goes below 0.7105 with a possible target of 0.7150–55.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
