AUDUSD recouped most of Wednesday’s losses to stay within the 0.7400 zone after stepping on the resistance-turned-support trendline. Despite that, bullish actions were limited as the 20-day simple moving average (SMA) prevented any increases above 0.7480. This line continues to block the way higher so far on Thursday, questioning the upside reversal in the RSI and the Stochastics. […]
The post AUDUSD Stuck Below 20-SMA; Short-Term Outlook Still Fragile appeared first on Action Forex.
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