The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The 0.7260 support level is holding back sellers. The descending pattern is likely a correction wave (B) of the H8 level ascending wave pattern.
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Wednesday, September 16th, today’s news—oil prices jump as the US closes production due to the hurricane, as well as amid the weak dollar and declining stockpiles. Treasury yields fall, American, European, and Asian markets rise ahead of the Fed meeting. The price of Brent oil is $41.38, WTI—$39.17. EUR/USD is …
The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the fifth session in six sessions from the lowest since August 26 against the US dollar, following the developments and economic data that they followed on the Australian economy …
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