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 month.
The price is trading …
The pair found support at 0.7705 and is making an attempt to resume growth amid positive economic statistics from Australia published today. The continued pressure on the US dollar will support the pair.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA …
The overall trend is upward. The descending wave pattern is truncated (wave C didn’t break through 123.6% on Fibo). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading Idea:
Buy when an ascending wave pattern …
Don't have your language?
