The Australian dollar against the US dollar managed to break the 0.7615 level and close the daily candle below it, which supports the continuation of our bearish expectations effectively during the coming period, paving the way for heading towards 0.7500, which represents our next negative target.
Therefore, we will continue …
Cisco's share continues to rise after it managed to confirm the breach of the resistance level at 49.00 and rise above the previous high, thus confirming the bullish path after the decline that formed the first of last month.
The price is trading above the moving averages …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages, A "start fractal" has formed below the 135 EMA. Breaking through the "start fractal" will result in the formation of a descending wave pattern within the overall downtrend.
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