The general trend is upward. The downward pattern (assumed correction) is truncated. A bullish divergence has formed on Awesome Oscillator. Price pivot zone of 146.77 holds back sellers.
Trading recommendations:
Buy while an ascending pattern is forming, where wave A breaks the inclined channel of the descending truncated pattern. …
The ascending H1 level pattern is truncated (wave C didn’t break through the 88.2% fib level). Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of the ascending truncated H1 …
The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce for the third session in four sessions from the lowest since April 24 against the US dollar, following the developments and economic data that it had reported on the Australian …
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