The AUDUSD pair is still stuck between the trend confirmation levels represented by the resistance 0.7765 and the support that rises to 0.7740, which makes us continue to remain neutral until the price confirms the breach of one of these two levels.
The contradiction between the positivity of …
The overall trend is upward. The price pivot zone of 1.2170 deters sellers. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The currency pair is trading in the range of 365 and 135 moving averages.
: …
The pair began to consolidate waiting for important data on employment in the US, which will be published next Friday.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are entering …
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