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AUDUSD returns above 200-MA, minor uptrend intact
AUDUSD has pushed back above the 0.7300 handle and is recouping previously lost ground following the pullback from the 0.7431-0.7474 resistance border. The longer-term SMAs continue to retain a negative bearing but the 50-day SMA, which has been developing a positive incline, is hinting that the positive trajectory in the pair is sturdy for now. The short-term oscillators are mixed but are leaning slightly towards a continued upside development in the price. The MACD, in the positive region, is persisting above its red trigger line, while the RSI is improving in the bullish zone. On the other hand, the stochastic ... (full story)