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The pair is above 0.6640, still under pressure amid the expectations of a strong decline in Chinese economic growth due to the new virus' impact on the production activity. Australia is closely linked economically with China, so the decline in demand for Australian exports will harm the country's economy, which …

The overall trend is upward. Breaking through the resistance level of 770.00 will result in the formation of an uptrend within the overall uptrend. Also, a bullish divergence has formed on the Awesome Oscillator.

Trading recommendations:

Buy above 770.00.

Stop loss: 740.00.

Target levels: 797.0; 833.50.

The overall trend is downward. A descending truncated H8 level pattern has formed on the wave (C) which also has a truncated pattern. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversoldness. A breakout of 1.3240 will result in the formation of an uptrend within the overall uptrend. …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its highest level since February 12, when it experienced its highest level since January 21 against the Japanese yen following the developments and economic data that it reported on the Japanese economy …

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session from its highest since January 8, when it tested the highest for it since March 22, 2017 amid the rise in the US dollar index, indicating …

The euro currency fluctuated in a narrow range slanting upward during the Asian session to witness its bounce to the second session from the lowest since the third week of April 2017 (when trading began on an upward price gap after the French President Emmanuel Macron won the main French …

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 …