The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound from its lowest since April 13 against the US dollar, following the developments and economic data that they followed on the Australian economy, which included the speech of the Governor …
The outcome of Jerome Powell's speech turned out to be positive for the US dollar. The market has significantly increased expectations that the Fed will begin reducing its balance sheet this year, and the first interest rate hikes may take place as early as next year, and not as …
The currency pair is trading in the range of the upper boundary of the Ichimoku cloud. Probably, the descending wave pattern is a correction wave (B) of the ascending pattern. Awesome Oscillator shows Bullish divergence, while Stochastic Oscillator signals oversold conditions.
: monitor the price movement …
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