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AUDUSD erases pullback, eyes recent rejection region
video AUDUSD has been stuck in a steep downtrend since early March, but it managed to recoup some losses after bouncing at the 30-month low of 0.6169. Even though the recent rebound paused temporarily and the pair exhibited a minor correction in the short term, it has been regaining lost ground in the last few daily sessions. The momentum indicators are endorsing this bullish near-term bias. Specifically, the stochastic oscillator is ascending after posting a bullish cross, while the MACD histogram is strengthening above both zero and its red signal line. Should buying pressures persist, the pair could challenge its ... (full story)