The overall movement is upward. Bears tested the level of 50 on Fibo from the upward impulse wave (A D1). The descending (blue) pattern is truncated. Bullish Divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals that the pair is oversold. The inclined channel of the descending …
The pair is above 0.6775, while still trading flat due to the uncertainty of the RBA’s policies until the end of the year and the lack of clear prospects concerning the US-China trade talks.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is …
The overall movement is upward. The support level of 220.80 holds back sellers. The Stochastic Oscillator indicator shows the crossing of moving averages and the rebound from the oversold zone. The pivot zone of 228.0 deters buyers.
Trading recommendations:
Buy above the pivot zone 228.0.
Stop Loss – 220.80.
Target …
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