The overall trend is downward. The resistance level of 8.00 holds back the bulls. A wedge trend continuation pattern has formed. Breaking through the support level of 7.00 will result in a further decline within the overall downtrend.
Trading recommendations:
Sell below 7.00.
Stop loss: 8.00.
Target levels: 6.00; …
The Australian dollar fluctuated in a narrow range slanting toward decline during the Asian session, to witness its bounce to the fourth session in eight sessions from its highest since last March 12 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 rebound to the second session from the lowest since the seventh of April this year against the US dollar on the threshold of developments and economic data expected Thursday by the …
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