The price pivot zone of 55.70 is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where wave A breaks …
The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness.
Technical side:
The price is above the …
The Australian dollar versus the US dollar is hovering around 0.7200, and we note that the stochastic indicator is getting rid of its negativity to gradually gain positive momentum, waiting for the price to stimulate the resumption of the main bullish trend, which its next target is at 0.7290.
From …
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