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AUDUSD downside risks linger despite latest climb
AUDUSD buyers are in the process of trying to extend the ascent from the 13-month low of 0.6992 beyond the falling 50- and 100-day simple moving averages (SMAs). Nevertheless, the bearish SMAs are demonstrating that the directional trend remains skewed to the downside. The Ichimoku lines are indicating that positive forces are making efforts to take control, while the short-term oscillators are currently reflecting conflicting signals in directional momentum. The MACD, over its red trigger line, is strengthening into the bullish region, while the RSI is crawling higher in the positive zone. That said, the bearish ... (full story)