Technical Analysis – AUDUSD calms down after plunging to 11-year low

AUDUSD is recovering some of Monday’s losses as it plummeted towards an eleven-year trough of 0.6310 but reversed quickly higher. Currently, the pair is trading near the 0.6500 psychological mark and the flattening red Tenkan-sen line. The RSI indicator is sloping marginally up in the negative territory, suggesting a possible upside correction, while the MACD […]