The pair is still trading below the strong resistance level of 72.50. It’s under pressure because of the renewed demand for risk assets as countries continue to ease restrictions, as well as the rising crude oil prices. Another positive factor for the ruble are currency sales by the Central …
The 0.9700 support level is holding back sellers. A descending truncated pattern has formed, which may be a wave B of an ascending pattern of a larger wave level. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where wave A breaks through the inclined …
The Australian dollar pair is trading against the US dollar when supporting the main bullish channel that appears in the picture, and gets continuous positive support from the EMA50, which supports the chances of resuming the main bullish trend, whose next target is located at 0.6685.
Consequently, we will maintain …
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