The Australian dollar fluctuated in a narrow range sloping towards an upward trend during the Asian session to prepare for its fourth consecutive weekly gains and monthly gains against the US dollar after the economic developments and data they followed on the Australian economy and on the cusp of economic …
A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are in the overbought range. Probably, the upward movement is a wave (B) of the descending wave side of the D1 level. The inclined channel of the ascending wave pattern is broken.
The pair is consolidating above 1.2100. If it stays above this level, then there is a possibility of resuming its growth, if not today, then next week.
Technical side:
The price is located below the middle Bollinger side, below SMA 5 and SMA 14. RSI is below the 50% …
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