Australian dollar continues to decline – analysis-13-02-2019

in #analysis2 years ago

The Australian dollar pair against the US dollar presented additional negative trades yesterday and settles around 0.7075 now, and is under constant negative pressure coming from the 50 moving average, which supports the expectation of a downward trend in the instantaneous term, where our next target is at 0.7000.

Persistence without 0.7185 is important for the continuation of the proposed downward wave, breaking 0.7000 will pay the price about 0.6930 directly.

The range of trading expected for the day between 0.7000 support and 0.7120 resistance

Projected general inclination of the day: falling



Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.

Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

Coin Marketplace

STEEM 0.18
TRX 0.04
JST 0.027
TRX 0.04
STEEM 0.18
JST 0.027
SBD 1.20