AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575 barrier. In the bigger picture, the pair is trading back within the sideways range that has been containing most of the price action since mid-January and thus, the outlook remains neutral. The MACD lies well above zero, but it has already crossed below its trigger line and is pointing down, while the RSI has slid and seems ready to challenge its equilibrium barrier of 50. Both indicators detect weakening upside momentum, which means that more bears may jump into the action soon. That said, for the outlook to turn back bearish, AUDUSD may ... (full story)