The Australian dollar rose during the Asian session to witness its bounce to the third session from its lowest since March 26 against the US dollar after the developments and economic data that it reported on the Australian economy, which includes the activities of the Australian Central Bank meeting in …
Markets are hopeful about the pandemic slowdown and early recovery of business and industrial activity. Investors are in anticipation of a new crude oil deal between the US, Saudi Arabia, and Russia, which supports oil prices and contributes to a stronger ruble.
Technical side:
The price is below the …
The overall trend is downward. Stochastic Oscillator indicator signals overboughtness. The ascending H1 level pattern is presumably a wave (B) of the descending H4 level pattern.
Trading recommendations:
Sell strictly while a descending wave pattern is forming, where the wave (as) breaks through the inclined channel of the ascending …
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