The pair is trading above 1.1415 following the agreement of the EU leaders on the economic recovery fund. The deal, as well as the optimism over an early release of COVID-19 vaccine, will support the pair in the near future.
Technical side:
The price is above the middle Bollinger …
The inclined channel of the descending pattern is breached by the assumed wave 1 of the 1-2-3 pattern. A breakout of the price pivot zone of 363.00 will result in the formation of a 1-2-3 ascending pattern. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator shows a bullish …
The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since July 15, when it tested the highest since the tenth of June, after the developments and economic data that we followed about the Australian economy today, Tuesday, and before …
Don't have your language?
