The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness.
Technical side:
The price is above the …
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator showed an exit from the oversold zone. A breakout of 10.14 will result in the formation of an ascending pattern of …
The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar, following the developments and economic data that is transmitted from the Australian economy and amid looking at the decisions and directions of monetary policymakers at the Reserve Bank of Australia …
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