The pair is trading below the level of 105.60. It’s under pressure from the decline in demand for risky assets and the resumption of the global weakening of the dollar in the Forex market.
Technical side:
The price is located below the middle Bollinger band, below the PMA 5 …
#KMB
The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descending truncated pattern is broken.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss: 128.64.
Target levels: 140.65; 155.00.
The Australian dollar against the US dollar shows an additional bullish tendency to approach the 0.7800 barrier, supported by the MA 50, awaiting further rise, reinforced by expectations for the continuation of the main bullish trend, whose targets start at 0.7820 and extend to 0.7915 after surpassing the previous level, …
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