{video}AUDUSD has been on a recovery mode this week, slowly erasing the slump to an eight-month low of 0.7476, which shot the price out of the 0.7531 – 0.8006 range area and put the market in a soft downward path. The pair is currently aiming to extend its positive momentum above the 200-day simple moving average (SMA), with the RSI and the Stochastics backing the bullish attempt as the indicators are sloping upwards again after hitting a bottom in the oversold area. The MACD has also stabilized in the negative area, reflecting the growing presence of buying pressures. That said, the 0.7600 level, which has been a ... (full story)