The general trend is upward. The descending М30 pattern is truncated and is probably the wave (В Н1) of the ascending H1 level pattern. Awesome Oscillator indicates Bullish divergence, and Stochastic Oscillator signals oversoldness. Breaking 50% Fibo will result in the ascending M5 level pattern in frame of the …
The pair is consolidating in the range of 1.1235 amid the investor’s expectations for the new statistics released on US and EU economics. Also positive expectations are yet contained by the negative forecast on the world economy growth. There is a possibility for further consolidation.
Technical side:
The …
The Australian dollar rose during the Asian session to witness its bounce for the second session from the lowest since the second of June this year against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments …
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