AUDUSD has edged aggressively higher over the previous couple of weeks following the rebound on the 31-month low of 0.7084. The price reached the 0.7300 strong psychological level and hit the long-term descending trend line, which has been holding since January 26. The technical picture supports that the upside momentum is likely to continue in the short-term. From the technical point of view, in the daily timeframe, the MACD oscillator is strengthening its movement above its trigger line and below [..]
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