Technical Analysis – AUDUSD cautiously positive after pullback stalls uptrend
AUDUSD appears paused after having pivoted from a formed nearly 11-month peak of 0.7064, something also reflected in the flattened Ichimoku lines. Although the tone of the 50-, 100-day simple moving averages (SMAs) and the Ichimoku lines sponsor an improving picture, the short-term oscillators reflect weakening positive momentum. The MACD, deep in the positive zone, […]