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Main » 2020 » February » 20 » Forecast AUDUSD trading decisions 20/02/2020
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Forecast AUDUSD trading decisions 20/02/2020

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Technical overview of the forex pair AUDUSD 20.02.2020


Pair AUDUSD is above the level of 0.6640, while remaining under pressure on expectations of a strong decrease of the Chinese economy due to the impact of industrial activity on coronavirus. Australia is closely linked economically with China, thus reducing the demand for Australian exports will hit the economy of the "green continent", which ultimately will affect the rate of the local currency.


AUDUSD price is below the midline Bollinger indicator 5 below SMA and SMA 14. RSI RSI is at oversold line and reduced. Stoch also lie on this line, but are not informative.

 

 

 

Recommendations for AUDUSD trade:
 

We consider it possible to sell the pair after e` AUDUSD 0.6640 level crossing with a likely target 0.6600.

 

 

Analytics Grand Capital

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.

 

 

 

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Views: 27 | Added by: mik | Rating: 0.0/0
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