years on the market

Technical Analysis 16.05.19

AUDUSD

The pair remains in a downtrend against the background of a lack of certainty in the negotiations on trade between America and China, as well as expectations that the RBA will continue to lower interest rates.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. The RSI is in the oversold zone. Stoch make an attempt to turn down.

Trading recommendations:

If the price holds below the level of 0.6915 and then drops below the 0.6900 mark, it can continue falling to the local minimum of the beginning of 2016, 0.6835.

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