The has pair turned down amid the falling demand for risk assets. At the same time, it's still trading within the range of 1.0760–1.1015, where it’s likely to remain for the next week. The pair will be under pressure today.
Technical side:
The price is below the middle Bollinger …
The support level 1.7847 is holding back sellers. A descending truncated pattern was formed. A bullish divergence has formed on Awesome Oscillator.
Trading recommendations:
Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of a descending truncated pattern.
Stop loss: 1.7847.
Target …
The Australian dollar versus the US dollar fluctuated in a sideways path in recent sessions, and the price continues to move inside the bullish channel that appears in the picture, while the EMA50 continues to support the price from below.
Therefore, our bullish overview will remain valid for today, which …
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