AUDUSD has dipped back beneath the Ichimoku cloud rekindling the dominant bearish tone, after the 100-day simple moving average (SMA) directed the price lower. The gradual decline in the SMAs is suggesting the downward trend in the pair may endure. The Ichimoku lines are indicating that negative forces have been jump started, while the short-term […]
The post AUDUSD Refreshes Downward Forces, Bearish Risks Grow appeared first on Action Forex.
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