The US dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce to the fifth session in seven sessions from the lowest since March 18 against the Japanese yen after the speech of the Japanese Central Bank Governor Haruhiko Kuroda at the …
The pair is supported as the Chinese economy is recovering and the pandemic’s peak is expected to be passed soon, as well as by RBA’s leaving the interest rates unchanged. As the pandemic subsides, the US dollar will weaken further amid the stimulus measures by the Fed and the …
The overall trend is downward. A reversal wave model has formed, where the waves C H8 and C H2 are truncated. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell strictly while a descending wave pattern is forming, where wave A breaks through the …
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