AUDUSD established a bullish setup around its 50-day simple moving average (SMA), aiming to recover last week’s rapid downfall. Specifically, the pair has completed a large green candlestick following a doji candlestick earlier this week, pointing to fizzling selling tendencies. Interestingly, the rebound in the price took place at the lower boundary of a bullish channel, raising optimism that […]
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