The overall trend is upward. The descending pattern of the H4 level is truncated. The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
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Trading idea:
Buy when …
The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the third session in five sessions from its lowest since the eighth of February against the US dollar, following the developments and economic data that they followed on the …
The pair is trading above 1.2040 amid employment data in the euro area publication, which may have a negative impact on it if it turns out to be worse than expected.
Technical side:
The price is located on the middle Bollinger band, at the level of SMA 5 and …
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