The Australian dollar fluctuated in a narrow range tilted to decline during the Asian session to witness the rebound for the second session from its highest since November 20 against the US dollar following the developments and economic data that followed on Tuesday on the Australian economy and on the …
On the weekly timeframe, the currency pair faced the upper limit of the descending price channel and the historical price pivot zone of 1.2942.
A bearish divergence formed on Awesome Oscillator (TF H4), and Stochastic Oscillator showed an exit from the overbought zone. The lower border of the upward price …
The pair is under pressure amid the falling demand for risk assets due to the escalating tensions between China and the US caused by the situation in Hong Kong, and the US uses this as leverage in trade talks.
The price is below the middle Bollinger band, above SMA 5, …
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