The Australian dollar fell during the Asian session to witness its bounce for the third session from the top since January 29, while it is still in the process of its first weekly gains in six weeks against the US dollar after the developments and economic data that it had …
The pair is trading below 1.0990. The expectation of strong US employment data will lead to a further drop of the pair.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI entered the oversold zone. Stoch turn down.
Trading recommendations:
Sell the pair with …
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