Technical analysis prediction for the 1st of October 2018

Instrument; Aud usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction ; 0.7150



weekly chart

Daily chart



Aud usd mkt trend is strongly bearish bias, technical view on the weekly chart indicates strong downtrend in the recent months and the long term outlook is expected to remain bearish bias, Ema signal is downtrend, Rsi (29.87), Macd signal is downtrend while on the daily chart view, mkt trend is strongly bearish bias as well and in coming month i expect the currency pair to continue downtrend probably towards 0.7150 level, Ema signal is downtrend, Rsi (37.41), Macd signal is downtrend and prediction for the 1st of October 2018 is 0.7150
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