Technical Analysis – AUDUSD stuck in sideways market; ascent restricted by bears
AUDUSD sellers ceased further gains, returning the price beneath the 100-day simple moving average (SMA). The bears are now attempting to penetrate below the June low of 0.6831. The MACD’s short-term positive picture and the upward slopes of the mid-Bollinger band and the 40-day SMA, suggest the pair may improve. However, with the price caught below […]