The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending H2 level pattern is truncated, it ended with the breakout of the inclined channel (aC), which resulted in the formation of a start fractal below the 135 moving …
The overall trend is upward. The price pivot zone of 92.56 restrains sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an exit from the oversold zone and the moving averages of the indicator are directed upwards. A breakout of the resistance level of 97.87 will result …
The pair is trading at the neckline of the "double top" reversal pattern, remaining under pressure following the RBNZ monetary policy decision, while the US dollar gains as a safe haven currency.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. …
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