The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the third session from its high since July 23 against the Japanese yen after the developments and economic data that we followed about the Japanese economy before the developments …
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.
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