Technical analysis 25.09.18

AUDUSD

The pair is below the support level of 0.7255. It’s affected negatively by the increasing tension around the US-China trade relations following Beijing's decision to cease the negotiations on Monday.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is trying to reverse upwards. Stoch are in the oversold zone.

Trading recommendations:

Sell the pair with local targets of 0.7200 and 0.7150.