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The stock is trading in the lower border range of the ascending price channel. Awesome Oscillator indicates a bullish divergence. A breakout of the resistance level of 97.70 will result in the formation of an ascending wave pattern within the uptrend.

: monitor the price movement …

The pair is supported by China’s economic growth after the winter’s strongest pandemic-induced shock. The global weakness of the US dollar following the massive stimulus measures, as well as the recovering business activity in China, will support the Australian dollar.

Technical side:

The price is above the middle Bollinger …