AUD/USD- Selling Pressure Continues
AvaTrade | Aug 03, 2015 07:11AM ET
The AUD/USD pair is trading in a side way pattern on a 60 minute time frame. The price is trading within the Bollinger band and close enough to its 20 day moving average which shows that the volatility for the pair is low. The pair is also trading below its downward trend line.
The RSI is trading inline with the price action which means that while the price is making the lower low, the RSI is confirming the same move.
Important zone
0.7364- 0.7353 Resistance
0.7233-0.7233 support
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by Naeem Aslam
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