{video}AUDUSD had a considerable advance over the previous three days, driving the price towards a new five-month peak of 0.6982 after the penetration of the long-term descending line, which had been holding since December 2018. Currently, the price is retracing towards the diagonal line, increasing the case for more losses if the line fails to act as support. According to the momentum indicators provide a mixed picture. The RSI, in the overbought zone, is suggesting a potential downside correction in the near term, as it is retreating, while the MACD, in the bullish area, is continuing its upside movement above its ... (full story)