Technical Analysis – AUDUSD ascent capped by medium-term downtrend line and 200-day SMA
AUDUSD sellers have reemerged around 0.6930, reversing the pair back down off the downtrend line pulled from December 4. It follows a month-long climb from October 2, took the price above the 40- and 100-day simple moving averages (SMAs). Despite the momentum indicators remaining in positive territories and the bullish cross of the 40-day SMA […]