Technical Analysis – AUDUSD bearish correction pauses; further gains are expected

AUDUSD has reversed back up again after finding support at the 0.7755 barrier, near the lower Bollinger Band. The price climbed above the 23.6% Fibonacci retracement level at 0.7826 of the up-leg with the low of 0.6820 and the high of 0.8100 in the medium-term timeframe. Moreover, the downside pressure seems to be weakening, while […]