Technical Analysis – AUDUSD capped by 40-day SMA after reversal off multi-year low

AUDUSD buyers are attempting to retake control after the restricting 40-day simple moving average (SMA), halted the rally, which commenced off the fresh multi-year low of October 2. Momentum seems to have stalled, as also reflected by the short-term oscillators, which contradicts the bigger negative picture. The MACD, which is in negative areas and marginally […]