10.11.2020
The pair is trading above 0.7270. It’s supported by the overall demand for risk assets, while it’s expected that China–Australia trade will benefit as the relationship between Beijing and Washington is normalized.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is turning up. Stoch also indicate the possibility of an upward reversal.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair with a possible growth to 0.7345.
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