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AUDUSD consolidates as rebound falters near 200-day SMA
video AUDUSD had been stuck in a steep downtrend since early March but managed to recoup some losses after bouncing at the 30-month low of 0.6169. However, the pair has been trading without clear direction in the last couple of daily sessions as its advance came to a halt at the 200-day simple moving average (SMA). The momentum indicators are reflecting a loss of positive momentum. Specifically, the MACD histogram is softening but remains above both zero and its red signal line, while the RSI is pointing downwards in the positive territory. Should buying pressures persist, the price could challenge the 200-day SMA, ... (full story)