The currency pair is trading in the range of 365 and 135 moving averages directed downwards. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought conditions.
: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, …
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There is a truncated descending wave pattern. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.
Trading idea:
Buy when an ascending wave structure is formed on the breakout of 29.00.
Stop Loss: 28.00.
Target levels: 30.19; …
The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound to the fifth session from its lowest since December 21, 2020 against the US dollar amid the scarcity of economic data by the Australian economy and on the cusp of …
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