The Australian dollar against the US dollar pushed strongly upwards, surpassing 0.7765 and approaching our first awaited target at 0.7835, reinforcing expectations for the continuation of the main bullish trend, whose next target is at 0.7900.
Thus, we await more incline during the coming sessions supported by the 50 MA, …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H2 level pattern and an internal truncated H1 level pattern have formed. Awesome Oscillator shows a bullish divergence. The breakout of 0.8953 will result in the formation …
The pair is correcting down after yesterday's growth amid the outcome of the Fed’s meeting and the speech of its head Jerome Powell. But despite the decline of the pair, market participants will use it to resume its purchases.
Technical side:
The price is located above the middle Bollinger band, …
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