-
AUDUSD tests 200-day SMA and 0.7300 mark
video AUDUSD rebounded off the short-term ascending trend line, currently flirting with the 200-day simple moving average (SMA) around the 0.7300 psychological mark. As regards the technical indicators, the RSI is strengthening its bullish move above the neutral threshold of 50, while the stochastic is extending its upside move higher, after the bullish crossover within its %K and %D lines. Immediate resistance could come from the 0.7365 barrier before the focus turns to the 0.7440 level. If buying interest persists, the price could rally towards the 0.7555 hurdle, shifting the outlook to strongly positive. In the ... (full story)