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AUDUSD underperforms below the 200-day SMA and 0.7200
video AUDUSD has been underperforming over the last few sessions after it found a strong obstacle to surpass the 200-day simple moving average (SMA) and the 0.7200 round number. However, the 20- and 40-day SMAs are in the process of posting a bullish crossover, while the MACD is still standing in the positive region. But the RSI indicator is losing momentum in the bullish area, suggesting that the next movements may be to the downside. If price action remains above the short-term SMAs, there is scope to test the 200-day SMA at 0.7250 again, marginally below the 0.7280 resistance. Clearing this key level would see ... (full story)