The pair is trading above the strong support level of 0.6520. The pair is negatively affected by the US-China tensions, ahead of the RBNZ meeting minutes to be released on Tuesday.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is …
The overall trend is upward. The 1.7230 support level is holding back sellers. Awesome Oscillator indicates bullish divergence, while Stochastic Oscillator indicates an exit from the oversold zone. A breakout of 1.7395 will result in the formation of an ascending wave pattern within the overall uptrend.
#TENCENT (HKEX)
The overall movement is upward. The stock is trading in the range of 365 and 135 moving averages. The price pivot zone of 500.0 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition. A breakout of the price pivot zone …
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