AUD/USD has staged a V-shape recovery in 2020, with the exchange rate taking out the 2019 high (0.7295) in the second half of the year. Adding weight to the drive, the exchange furthered its bullish lean with a break out from a bull-flag formation seen late in the year on a weekly timeframe. As a result, AUD/USD trades above the 200-Week SMA (0.7237) for the first time in over two years, with the Relative Strength Index (RSI) highlighting a similar dynamic as the indicator flirts with overbought territory for the first time since 2011. Looking ahead, the Australian Dollar may continue to outperform against its US ... (full story)