AUD/USD:
AUD/USD closed at 0.70707 on Friday. Looking back at the D1 chart, the SAR indicator trend has officially turned short, and the SAR has officially appeared above the price. The downtrend is very strong. At present, the price is also below the MA, indicating that the downward trend is still continuing. The MACD indicator bearish volume has breached the signal line. The RSI indicator shows that the market is still in favor of pushing prices further down.
The H1 chart opened lower this morning, and the downtrend is beyond doubt. The RVI indicator has broken through the 0-axis in two lines, and the trend is mostly bearish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
