{video}AUDUSD has been on a wild ride during the past two months, posting a false bearish breakout from its rangebound pattern which was followed by a false bullish breakout. In the past few sessions, the pair has been repeatedly held down by the 200-day simple moving average (SMA), but the bulls have not surrendered yet. This inability to claim the congested region that includes both the 50- and 200-day SMAs is also reflected in the short-term oscillators. Specifically, the RSI has failed multiple times to jump above the 50-neutral mark, while the MACD remains below both zero and its red signal line. If bullish ... (full story)