AUDUSD: The downside prevails as long as 0.7155 is resistance.
The RSI is below its neutrality area at 50.
The MACD is below its signal line and negative.
The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.7148 and 0.7162).
Our preference: The downside prevails as long as 0.7155 is resistance.
The MACD is below its signal line and negative.
The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.7148 and 0.7162).
Our preference: The downside prevails as long as 0.7155 is resistance.