The pair receives support amid the rising demand for risky assets after a statement by Donald Trump’s trade adviser Peter Navarro, who said on Tuesday that the US is not ending trade relations with China. This positive signal can be supported by the pair along with the data on …
The currency pair is trading in the upper line of the descending price channel. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals overboughtness. A breakout of 9.3430 will result in the formation of a descending wave pattern within the overall downtrend.
Trading recommendations: …
The Australian dollar rose during the Asian session to witness its bounce for the second session from the lowest since 15 June, when it tested the lowest since the second of this month against the US dollar after the developments and economic data that it had reported on the Australian …
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