The pound sterling against the dollar traded with strong negativity yesterday after breaking the 1.3500 level, and reached the expected negative target at 1.3415. It starts today with a more bearish bias and is expected to break this level and settle below it, confirming the shift to the downside. It is …
News for today, November 11:
US consumer prices rose at the fastest pace since 1990, which could lead to a faster tightening of the Federal Reserve's policy. Fears over inflation weighed on Asian stocks and sustained the dollar at a nearly 16-month high. However, the region's largest markets in mainland …
The overall trend is upward. The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
AUD/USD rate online: the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave …
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