Technical Analysis – AUDUSD still bullish; encounters upside tensions

AUDUSD today overcame the 0.6684 tough resistance from March 9, producing a nearly four-month high of 0.6772 and pushing the medium-term timeframe back into neutral territory. Although the price appears to have stalled ahead of the 0.6777 high from January 29, the Ichimoku lines retain their positive tone, while the rising simple moving averages (SMAs) […]