The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H4 level is currently truncated. A bearish divergence has formed on Awesome Oscillator.
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Trading idea: …
Wednesday, December 30th, today’s news—Asian markets up to record highs as investors expect an economic recovery in 2021. UK regulator approves Oxford–AstraZeneca vaccine for emergency use, European markets rise, gold and oil are up, while dollar continues to weaken on the rising demand for risk assets. The price of Brent …
The Australian dollar against the US dollar is now pushing upwards to succeed in surpassing our first awaited target at 0.7640 and paves the way for further gains, waiting for a visit to 0.7700, which represents our next target.
Consequently, the bullish trend scenario will remain valid in the intraday …
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