The pair is trading in the range of 0.7700-0.7800. It may gain support and rise to its upper limit if the US manufacturing data released today is higher than forecast, which will strengthen demand for risky assets and high-yielding currencies, which include the Australian dollar.
Technical side:
The price …
The Australian dollar fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound to the eleventh session in sixteen sessions from its lowest since December 23, 2020 against the US dollar, following developments and economic data that they followed on the Australian …
Cisco share started correcting the bullish path after reaching the resistance 52.50, after it managed to confirm the break of the previous resistance level of 49.00 and rise above the top, thus confirming the bullish path after the decline that formed last week.
The price is trading …
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