{video}AUDUSD had been in an aggressive decline after its bullish breakout from the rectangle encountered resistance at 0.6898, validating a double top pattern. However, the pair appears to be attempting a recovery since it managed to halt its retreat at the nine-month bottom of 0.6363 in mid August. The momentum indicators currently suggest that the bearish forces are waning but have not surrendered yet. Specifically, the MACD is strengthening above its red signal line in the negative zone, while the stochastics are ascending sharply. Should the negative pressures wane, the price could ascend to face a couple of ... (full story)