The Australian dollar against the US dollar pair started to bounce up after testing the 0.6407 level, and gets a positive signal through the stochastic, which supports the expectations of the continuation of the bullish trend during the coming period, which begins its goals at 0.6530 and extends to 0.6685 …
A reversal candlestick pattern has formed: inverted head-and-shoulders. The currency pair is trading in the range of the round important 1.0500 level. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy above the round secondary level of 1.0520.
Stop loss: 1.0500.
Target levels: 1.0545; …
The pair has formed an ascending flag trend continuation pattern. It’s likely to continue to decline amid the Germany-EU dispute over the massive stimulus measures, which may either lead to a euro oversupply in the European financial system due to massive asset purchases by the ECB, or endanger the …
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