AUDUSD continues to attract buying interest for the third consecutive day, crawling up to 0.7254 early on Wednesday, the highest since the end of August. The RSI improved further but is still below its 50 neutral mark, a sign that negative risks are still in the background, while Stochastics support that the rally is overdone and bearish corrections are possible as the red %D line and the green %K line approach the overbought threshold of 80. An extension to the upside may pause around the 38.2% Fibonacci retracement of the downleg from 0.7675 to 0.7100, near 0.7309 which acted as a barrier to downside movements in ... (full story)