The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to promise to end its longest march of daily losses in six months against the US dollar after the economic developments and data that it had reported on the Australian economy and on the …
Awesome Oscillator shows a bearish divergence. Stochastic Oscillator signals overboughtness. If the price pivot level 58.66 is breached, a downward pattern 123 will form.
Our recommendation:
Sell below 58.66.
Stop Loss: 61.00.
Target levels: 56.94; 55.60; 53.31.
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