The single currency of the European Union region fell during the US session to its lowest level since November 28 and is poised to resume its weekly loss for the third week in four weeks against the US dollar following developments and economic data that followed on Friday the economies …
AUDUSD
The pair is in downtrend against the backdrop of the weak Chinese industrial production data, which puts pressure on the Australia’s export of raw materials to the PRC.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% …
Amazon tested the resistance level at 1693.8 but did not manage to breach this level due to the pressure from the 50 SMA which is a negative pressure on the price and pushing it down and testing the support level 1526.5
Stochastic gives bullish cross signals above the oversold area …
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