The currency pair is trading in the range of the lower border of the ascending price channel within the moving averages (135 and 365) directed upwards. Bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an upward pattern 123 is forming. …
The pair is trading above the level of 0.6825. It could still has the potential to 0.6885 amid the lower expectations of the RBA reducing interest rates before the end of the yea. The pair is locally overbought from a technical point of view and may correct downwards.
The price …
The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound for the third session from its highest since early August, when it tested late May against the Japanese yen amid the lack of economic data from the Japanese economy and on the …
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