AUDUSD’s Bullish Bias Intact Despite Pullback

AUDUSD is resting on the 0.7531-0.7555 support band that includes the mid-Bollinger band after retreating from its nine-and-a-half-month high of 0.7661. The advancing simple moving averages (SMAs) are endorsing the uptrend that began at the beginning of February. Meanwhile, the short-term oscillators currently suggest that positive drive is evaporating. The MACD, in the positive section, […]

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