AUDUSD appears to be stalling above the 0.7700 mark after the pair’s recent gains from 0.7582 thrusted the pair over the simple moving averages (SMAs) and the Ichimoku cloud. However, positive sentiment seems to be waning slightly, something also being reflected in the pausing Ichimoku lines. The 50- and 100-period SMAs are endorsing the neutral-to-bullish price tone, after their bearish demeanour somewhat subsided. The short-term oscillators are demonstrating mixed signals in directional momentum. The MACD is holding above its red [..]
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