{video}AUDUSD is buying the shortfall from January's top of 0.7819 thanks to the 20-day simple moving average (SMA), which managed to cancel bearish forces for the second time. The RSI has resumed its positive momentum above its 50 neutral mark, though the indicator continues to hold a downward direction, while the red Tenkan-sen line, although in a comfortable distance above the blue Kijun-sen, remains flattish. The MACD is also sending some cautious signals as it keeps weakening below its red signal line, though at a softer pace. Hence, the bulls may need to establish a foothold above the tentative descending ... (full story)