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AUDUSD takes a breather; maintains healthy positive picture

From xm.com

AUDUSD is experiencing a steady appreciation and appears to be barely affected by a recent stumble in the price. This is reflected in the rising Ichimoku lines, which indicate that the pair’s positive momentum is intact. Furthermore, the Ichimoku cloud, the 50- and 100-day simple moving averages (SMAs), and the nearing bullish crossover of the 200-day SMA by the 100-day one may keep confidence in the ascent for a while longer. Glancing at the oscillators, positive momentum looks paused in the very near-term. The MACD, some distance in the positive region, is floating marginally below its flattened red signal line, ... (full story)

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  • Category: Technical Analysis