AUDUSD
The pair is in downtrend, above 0.7035, as commodity and raw material prices are falling, while the major American stock index futures are also falling. Yesterday’s demand for risk assets seems to be a dead cat bounce: a brief recovery before resuming the decline.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and has reversed downwards. Stoch are falling.
Trading recommendations:
If the pair goes below 0.7035, it may go further down to 0.6950.