Despite a massive sell-off on Thursday, AUD/USD sellers were unable to break a major support. This left price hanging in bullish territory with a higher high – higher low swing configuration, a baffling situation for USD bulls. Technical Analysis AUD/USD spot is currently trading above the 0.8800 handle in the early hours of the U.S. session, showing a mixed short-term bias due to an unexpected bounce off 0.8755. Although Wednesday’s Bearish Engulfing Bar has already been confirmed, together with price crossing below 200 Moving Average on 4H, the pair was unable to sustain this sell-off below two trendlines, both of ... (full story)