years on the market

Technical analysis AUDUSD 14.10.2019

The pair corrected up to 0.6770 due the partial profit taking. If it holds above this level, it is likely that the pair will resume growth on the recovery of demand for risky assets recovers.

The price is above the middle Bollinger band, below SMA 5 and at SMA 14.RSI is above 50% and declining. Stoch are also declining.

Trading recommendations:

If the pair fixes above 0.6770, it may to further up to 0.6810.

Other reviews

Choose your language