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AUDUSD dips to 25-month low; looks oversold
AUDUSD is losing its positive momentum that started the day, while it posted a fresh 25-month low of 0.7156 on Tuesday. The bearish trend could stay in place given that prices continue to fluctuate below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, some of the technical indicators are indicating that the pair is oversold and a possible upside retracement may be due. The RSI indicator is flattening in the negative territory with no clear momentum, while the %K line of the stochastic oscillator is ready for a bullish crossover with the %D line in the oversold zone, giving a strong ... (full story)
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- Sep 5, 2018 7:09am Sep 5, 2018 7:09am
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LuKa12
- | Joined Sep 2014 | Status: Member | 78 Comments
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- Sep 5, 2018 8:03am Sep 5, 2018 8:03am
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Montrealer
- | Membership Revoked | Joined May 2017 | 151 Comments
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