Technical Analysis – AUDUSD in strong sell-off; ascending trend line eyed as next level

AUDUSD recorded relative strong bearish sessions in the previous week before the pull-back on the 0.7920 resistance level. The price plunged below the 0.7715 key level and posted a fresh three-month low of 0.7677. The bearish structure in the short-term remains intact, however, stochastics signal for a bullish correction. In the daily timeframe, the MACD […]