The support level of 116.34 holds back sellers (a false breakout has formed). The descending H12 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending wave pattern is forming, where the wave (A) breaks through …
The price pivot zone of 151.00 holds back buyers. Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken by the formation of a descending 1-2-3 pattern.
Trading recommendations:
Sell below 143.00.
Stop loss: 151.00.
Target levels: 131.00; 123.00.
monitor the movement …
The Australian dollar versus the US dollar provided quiet positive trading to gradually approach the level of 0.6407, and we are still waiting for the breach of this level to confirm the rush towards our next positive target of 0.6685.
In general, we continue to favor the bullish trend for …
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