The Australian dollar against the US dollar made an attempt to breach the 0.7765 level, but it returns to trade below it, which maintains the bearish trend scenario valid for the upcoming period, supported by the negative sign provided by the stochastic indicator, waiting to initially visit the …
The resistance level of 0.7524 is holding back buyers. The ascending wave pattern of the H8 level is truncated and ended with the breakdown of the inclined channel. Awesome Oscillator shows a bearish divergence. The breakout of 0.7423 will result in the formation of a descending wave pattern.
The pair remains in a short-term uptrend. It found support above 1.2125 and may significantly increase this week if the mood in the markets significantly improves.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level …
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