The pair remains under pressure in anticipation of the final EU economic support decision. If no effective support measures are taken, expect the further decline of the pair.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% …
The 1.8290 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator and Stochastic Oscillator. The ascending truncated H1 level pattern was completed by breaking through the inclined channel.
Trading recommendations:
Sell while a descending structure is forming below 1.8063.
Stop loss: 1.8290.
Target levels: …
The Australian dollar rose during the Asian session to witness its bounce to the second session from the lowest since April 9 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected …
Don't have your language?
