The Australian dollar fluctuated in a narrow range tilted towards decline during the Asian session, to witness its rebound to the second session from its highest since May 26 against the US dollar, following the developments and economic data that we followed about the Australian economy and on the cusp …
The pair continues to consolidate in the range of 1.2170-1.2260 on the wave of expectations for the publication of important data on employment in the US, which will be published today by ADP, and on Friday by the US Department of Labor.
Technical side:
The price is located below …
The ascending pattern of the H2 level is truncated, the inner pattern is also truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending truncated of the H2 level is the wave (B) of the descending wave pattern of the H8 level.
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