The Australian dollar versus the US dollar trades stable above the 0.6407 level, and we notice that the stochastic is getting rid of its negative momentum to approach the oversold areas while awaiting price stimulus to resume the expected bullish trend for the coming period, which depends on holding above …
The pair corrected up after falling on Friday Amis the rising prices for commodity and commodity assets, as well as following the results of the RBA meeting, which decided to keep the key interest rate at 0.25%. Positive market sentiment may push the pair to further growth.
Technical side: …
The pair dropped due to the claims to Beijing from the US and Donald Trump personally in hiding the spread of the coronavirus epidemic in the country. This caused a drop in demand for risky assets and led to the strengthening of the dollar as a safe-haven currency. If …
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