AUDUSD has been experiencing a sharp downtrend after it failed to jump above the 0.7282 level in early June. Although the pair has managed to find its feet in the last couple of four-hour sessions, the descending 50-period simple moving average (SMA) is closing the gap with the 200-period SMA, where a potential violation could reinforce the case of […]
The post AUDUSD Halts Decline as Bearish Pressures Wane appeared first on Action Forex.
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