AUDUSD Consolidates in Short-term; Broader Outlook is Bearish

AUDUSD has been moving sideways over the last week, consolidating within the 0.6367 support and the 0.6550 resistance. In trend indicators, the 20- and 50-day simple moving averages (SMAs) are heading south, confirming the long-term bearish outlook, while the MACD is holding above its trigger line in the negative region and the RSI is sloping […]

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