Technical Analysis – AUDUSD capped below 200-SMA

The 200-period simple moving average (SMA) in the four-hour chart seems to be a hurdle for the AUDUSD bulls over the past two days, and the falling RSI which heads towards its 50 neutral mark suggests that the market may stabilize in the short-term.  Exceeding the 200-period SMA and more importantly the upper surface of […]