The overall trend is downward. The ascending wave pattern of the M30 level is truncated. The inclined channel of the ascending pattern is broken. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought …
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 …
Don't have your language?
