AUDUSD Picks Up Steam But More Needs to be Done

AUDUSD started the day with strong positive momentum, quickly recouping yesterday’s mild losses to peak marginally above the 20-day simple moving average (SMA) and the 0.6962 level, which previously was unbreakable. That is also where the 38.2% Fibonacci retracement of the latest upleg resides. The momentum indicators cannot guarantee that the bullish correction will continue. Despite the […]

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