The Australian dollar rose by nearly one percent during the Asian session to witness its highest since April 15 against the US dollar amid the scarcity of economic data today Monday by the Australian economy and also by its American economy counterpart the largest economy in the world at the …
The pair is turning down, despite the resumption of the fall in crude oil prices. The market's focus is on the Fed's two-day monetary policy meeting, which begins on Tuesday and ends on Wednesday with the regulator's decision on rates. Don’t expect any new statements from Jerome Powell in …
The price pivot zone of 0.6958 holds back buyers. Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 0.6890 will result in the formation of a descending H1 level pattern within the wave C of the descending H8 level pattern.
Trading recommendations:
Sell below 0.6890.
Stop loss: …
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