The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce to the second session from the lowest since February 10 against the US dollar, following the developments and economic data that it had reported on the Australian economy and on …
The resistance level of 136.24 is holding back buyers. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator indicator indicates overboughtness. An ascending truncated pattern has formed.
Trading recommendations:
Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending pattern. Sell on …
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