The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to prepare in connection with weekly gains against the US dollar amid the scarcity of economic data in the last sessions of the week by the Australian economy because of the Good Friday holiday …
The pair remains in a short-term uptrend amid the more positive global market sentiment and hopes that the peak of the coronavirus pandemic is just around the corner. The pair is also supported by the recovery of economic activity in China after the pandemic, increased demand for commodity assets, …
Analysis based on round-number levels, price channels and modified Elliott Waves
The 1.2480 resistance level is holding back the bulls. An ascending truncated H4 level pattern has formed. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
monitor the movement of …
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