Technical Analysis – AUDUSD trades near 0.8000; bullish phase remains intact
AUDUSD has been outperforming over the last month, after the rebound on the strong psychological level of 0.7500, which coincides with the medium-term ascending trend line. The pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. During the prior week, the price reached a new 4-month high near the 0.8040 resistance level, […]