The correction on global markets supported by anticipation of the second COVID-19 wave, as well as slower growth forecast for the US economy, exerts pressure on higher-yield currencies including Australian dollar. Such sentiments will result in the pair’s decline.
Technical side:
The price is under the middle Bollinger band, SМА …
There has been a price correction on stock market. The descending H1 level patter has formed. The moving averages of Stochastic Oscillator are in the oversold zone. Buy only when the descending wave pattern is over and the ascending wave is formed.
#NESN rate online: monitor the movement of …
The overall trend is upward. The currency pair is trading in the range of the round important level 0.6394 and in the range of 365 and 135 moving averages. The descending H2 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator.
Trading recommendations:
Buy above 0.6456.
A …
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