The pair turned down amid the expectations of interest rate cuts by the RBA early next year, as signaled by the minutes of the regulator’s December meeting presented today. Given this, along with the continuing uncertainty surrounding the US-Chinese trade talks, the pair will continue to decline.
The price is …
The general movement is upward. A break through the pivot price zone of 450.70 will result in the formation of an upward pattern of a 123. Stochastic Oscillator indicator signals oversoldness of the stock.
Trading reccomendations:
Buy Above 450.70.
Stop Loss - 445.20.
Target levels - 456.40; 460.70.
The general trend is upward. The pair is trading in the range of 365 and 135 moving averages. A downward level H1 structure has formed, which is currently truncated. A Bullish divergence has formed on Awesome Oscillator.
Trading recommendations:
Buy while an ascending wave pattern is forming, where the wave …
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