AUDUSD remains under pressure below 0.6100

AUDUSD remains under pressure below 0.6100

From xm.com

AUDUSD has been in a slightly declining wave after the touch on the 0.6215 resistance, entering the Ichimoku cloud and being capped by the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart. According to the momentum indicators, the RSI is pointing up near the neutral threshold of 50, gaining some ground, while the MACD is heading sideways, marginally below the zero level. In contrast, in the previous sessions, the moving averages posted a bearish cross suggesting more losses. In case of a bounce off the 20-period SMA, the price could challenge the 38.2% Fibonacci retracement level of the down leg ... (full story)

Very funny, on a day NZD & AUD found bids, broker making clients think it's under pressure.

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