24 Jul 2015
AUD/USD trading in oversold territory
The daily AUD/USD RSI has moved below 30%, meaning that the pair is trading in oversold territory.
The AUD/USD daily RSI(14) has crossed below the 30% threshold while the weekly oscillator is already printing below 50% for several months. This suggests a fully-fledged down trend with a risk of being over extended market.
The AUD/USD daily RSI(14) has crossed below the 30% threshold while the weekly oscillator is already printing below 50% for several months. This suggests a fully-fledged down trend with a risk of being over extended market.