The Australian dollar against the US dollar rebounded to the downside after achieving the first awaited target at 0.7765, heading towards a possible test of the 50 moving average that continues to support the price from below, noting that the stochastic indicator reaches oversold areas now.
Consequently, these factors …
Google's stock was able to rise and breach the resistance level, thus confirming the bullish path and continuing to rise
The moving averages support the upward movement of the stock which is moving below the price, as the 50 average moves near the support level 2075.00 and forms …
The currency pair is trading in the round important level of 1.2500. A start fractal has formed above the secondary level of 1.2520. Breaking through the fractal will result in a formation of an ascending wave pattern and fixing the price above the round secondary level of 1.2520.
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