years on the market

Technical analysis 11.06.19

AUDUSD

The pair stopped falling in anticipation of the PPI publication in the US that may lead to a wave of USD sales.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch have reversed upwards in the oversold territory.

Trading recommendations:

Buy the pair against the backdrop of weak US data after it passes the level of 0.6965 with a local target of 0.7010.

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