The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its rebound for the second consecutive session from its lowest since December 23, 2020 against the US dollar amid scarcity of economic data by the Australian economy in the last session of the week …
The pair is consolidating below 1.1780 due to the publication of fresh US employment data. If this turns out to be above expectations, it will push the pair down. At the same time, if the publications are worse than the forecast, the pair will receive support.
Technical side:
The …
The trend is upward. The descending wave pattern of the H4 level is truncated. A bullish divergence is formed on Awesome Oscillator (H4), and Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, …
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