09.08.201806:46 Forex Analysis & Reviews: Technical analysis of AUD/USD For Aug 09, 2018

Long-term review

Exchange Rates 09.08.2018 analysis

The AUD/USD pair now moving in a Bearish bias, this condition is already confirmed by the price moving orderly bellow the Moving Average 100 periods and inside the down slope channel at the Daily Charts, although now this pair is moving in a Sideways condition because the Stochastic Oscillator is now already at Overbought level area.There is a possibility in a few days ahead that this pair will continue its Bearish bias as long as it does not break out and close above the 0.7845 level. (Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert
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