The Australian dollar versus the US dollar pair starts trading today with a noticeable positive, to record an upward low from yesterday's low at 0.5509, which indicates the price trend to make a further upward correction during the coming period, targeting to test the level of 0.5958 again, noting that …
The overall trend is upward. The downward truncated H1 level pattern tested the range of 365 and 135 moving averages. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy strictly on the current uptrend while an ascending wave pattern is forming, where the wave (as) breaks through the inclined channel of the …
The pair is declining amid lower market tensions, large-scale stimulus measures from central banks, weaker dollar and rising oil prices.
The price is testing the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages are intersecting, suggesting to sell. RSI is declining. Stoch have entered the oversold zone. …
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