The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, while it is still in the process of the first weekly gains in three weeks against the US dollar amid the scarcity of economic data in the last sessions of the week by the …
The currency pair is trading in the upper bound of the main descending price channel and the lower bound of the internal ascending price channel. The price is also in the range of 365 and 135 moving averages directed downward. A breakthrough in the round secondary level of 1.6920 …
The pair is in a narrow range of 1.3500-1.3665. It’s likely to decline today amid rising oil prices and improving market sentiment, which is reflected in increased demand for risky assets.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI …
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