Technical Analysis – AUDUSD retreats after flirting with 7-week peak

AUDUSD penetrated to the downside the short-term rising trend line in the previous days, but advanced to meet it again before the bearish movement today. A trading range has been created after the touch again on the seven-week high of 0.6570 with lower boundary the 0.6378 barrier. The price is flirting with the 20-period simple […]