Technical Analysis – AUDUSD fails to break multi-year lows; rallies to 50.0% Fibonacci

AUDUSD has rallied above the 21- and 42-day simple moving averages (SMAs), up to the Ichimoku cloud, after the bears were unable to capitalize from the multi-year lows it re-tested earlier this month. Tackling 0.6880, which is the 50.0% Fibonacci retracement level of the down leg from 0.7081 to 0.6676, buyers are looking to take […]