The overall trend is upward. The support level of 141.50 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending …
The overall trend is upward. The currency pair is trading in the range of the support level of 1.0660. Stochastic Oscillator signals oversoldness. A breakout of 1.0726 will result in the formation of a 1-2-3 uptrend within the overall uptrend.
Trading recommendations:
Buy above 1.0726.
Stop loss: 1.0660.
Target …
The pair corrected down within the general trend, as the market ended this month’s rally and correced down before a new wave of growth. Political tensions between China and Australia are also a negative factor for the currencey. Expect the pair to continue correcting down until the next positive …
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