The overall trend is upward. The stock is trading in the range of the lower limit of the accumulation zone. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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Friday, November 20th, today’s news—the US Treasury Secretary Steven Mnuchin announced the end of emergency stimulus programs amid the pandemic. Global markets are mixed, Dow down 200 points, the dollar is stronger, gold and oil are rising. The price of Brent oil is $44.26, WTI—$41.91, EUR/USD is at 1.1870, GBP/USD—1.3265, …
The Australian dollar against the US dollar shows sideways trading in the past sessions, and maintains its stability above 0.7255, which keeps our bullish expectations valid and effective in the intraday and short term, supported by the SMA 50, waiting to visit 0.7413 as a next main target.
On the …
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