The Australian dollar fluctuated in a narrow range tilted to decline during the Asian session to witness a rebound for the second session from its highest since late July against the US dollar following the developments and economic data followed by the Australian economy and on the eve of developments …
Analysis based on round-number levels, price channels and modified Elliot Waves
The currency pair is traded in the range of the lower border of the upward price channel. Price pivot zone 9.6085 held back sellers, while the Stochastic Oscillator (30.10.10.) indicates that the price is in the oversold zone. Breaking …
USDCAD
The pair is trading below 1.3180 amid a correction in crude oil prices. If the price stays below this level as the oil prices resume growing, it is likely to continue its local decline, but if the oil quotes go down, the pair may begin an upwards correction.
The …
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