The currency pair is trading in a descending price channel (H4 timeframe). At the same time, a second bullish divergence is likely to form on Awesome Oscillator indicator. The support level of 1.0665 is holding back sellers.
Trading recommendations:
Buy while an ascending 123 pattern is forming, strictly after breaking …
The pair is trading below 108.60, remaining under pressure amid falling demand for risky assets due to the new coronavirus. If this factor remains an influence, the pair will be put under downward pressure.
The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI …
The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to prepare for the longest march of its weekly losses since mid-2015 and to witness its stability near its lowest since early October, when it tested the lowest since mid-March 2009 against the US …
Don't have your language?
