The Australian dollar against the US dollar is making attempts to breach the 0.7650 level now, which requires attention from the upcoming trades, as the confirmation of the breach will stop the bearish corrective scenario suggested in our recent reports and lead the price to restore the main bullish trend …
The ascending pattern of the H2 level is truncated. Probably, the ascending pattern is a wave (B) of the descending pattern of the H8 level. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.
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Trading idea: …
The pair is balancing above 1.1760, remaining under pressure amid stronger US dollar positions caused by the renewed growth in Treasury yields due to sales caused by fears of increased inflationary pressure in the U.S, which is stimulated by a vigorous recovery in the country's economy.
Technical side:
The …
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