The currency pair is trading in the upper line of the descending price channel. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals overboughtness. A breakout of 9.3430 will result in the formation of a descending wave pattern within the overall downtrend.
Trading recommendations: …
The Australian dollar rose during the Asian session to witness its bounce for the second session from the lowest since 15 June, when it tested the lowest since the second of this month against the US dollar after the developments and economic data that it had reported on the Australian …
The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its bounce for the second consecutive session from the lowest since June 3 against the US dollar on the cusp of developments and economic data expected today by the economies of the …
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