The pair is at a strong support level of 108.00 in anticipation of the Fed’s monetary policy decision, as it is possible that Jerome Powell will hint at the easing of stimulus measures amid the quick recovery of the US economy from the coronavirus pandemic.
Technical side:
The price …
The currency pair is trading in the range of the round important level 122.00, near the 365 moving average. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when the M30 candle closes above the round secondary level of 122.20.
Stop loss under …
The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to promise to end its longest daily gains march since late 2017 and early 2018 against the US dollar amid the scarcity of economic data on Monday by the Australian economy and its US …
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