The resistance level of 122.00 held back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals an overbought situation. A breakout of the 121.25 will result in the formation of a 1-2-3 descending pattern.
: monitor the movement of the pair …
The pair is trading near the strong resistance level of 0.6560 following the RBA's decision to leave the interest rates unchanged. If the overall positive market sentiment persists, the pair will continue to grow.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above …
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