Technical Analysis – AUDUSD downside risks linger despite latest climb

AUDUSD buyers are in the process of trying to extend the ascent from the 13-month low of 0.6992 beyond the falling 50- and 100-day simple moving averages (SMAs). Nevertheless, the bearish SMAs are demonstrating that the directional trend remains skewed to the downside. The Ichimoku lines are indicating that positive forces are making efforts to […]