AUD chart:
Bollinger Bands - Price below 20 day moving average but narrowing bands provides potential for move up rather than down, given RSI below, also chart shows we moved upwards on previous conditions.
RSI - Weak part of the support zone but holding at that level since mid April.
MACD - No clear signal but below zero so on the bearish side but possible move up based on prior crosses.
Friday US market close strong on back of lower inflationary concerns but lots of geopolitical issues next two weeks likely to support volatility. Hopefully get some AJM news to feed the move upwards too.
AUD chart: Bollinger Bands - Price below 20 day moving average...
-
- There are more pages in this discussion • 3,882 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
