AUDUSD has been advancing since March 19 but over the last month, it has been moving sideways below the eight-month peak of 0.7275 achieved on August 19. Currently, the pair is developing slightly above the short-term simple moving averages (SMAs) and the stochastic is approaching the overbought territory, however, the MACD is confirming the recent neutral mode and is losing momentum in the positive zone. If there is an attempt above the eight-month peak, immediate resistance would come from the 0.7395 barrier, taken from the top on December 2018. Breaking this line, the July 2018 high could come into spotlight at ... (full story)