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AUDUSD Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com
Midterm forecast:
0.7320 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.7040 on 10/08/2018, so more gains to resistance(s) 0.7160, 0.7230 and maximum to Major Resistance (0.7320) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.
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