AUDUSD had been staging an impressive rebound, trading within an upward sloping channel since mid-October. Nevertheless, the pair experienced a moderate pullback in the short term, with the price escaping its pattern to the downside to find strong support at the 200-day simple moving average (SMA). The momentum indicators currently suggest that bearish forces have gained […]
The post AUDUSD Plummets But 200-day SMA Curbs Secline appeared first on Action Forex.
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