Technical Analysis 06.02.2019

AUDUSD

The pair is trading below 0.07150 as the Reserve Bank of Australia is now less expected to raise interest rates this year.

The pair is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is testing the oversold territory. Stoch are entering the oversold zone.

Trading recommendations:

Sell the pair with a possible target of 0.7080.