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AUDUSD Consolidates After 200-day SMA Curbs Advance

AUDUSD has been in a recovery mode since mid-October when its long-term downtrend hit a bottom at the 32-month low of 0.6169. However, the pair’s rebound appears to be fading as the price has been constantly held down by the 200-day simple moving average (SMA). The momentum indicators currently suggest that bullish forces are subsiding but remain in charge. Specifically, […] The post AUDUSD Consolidates After 200-day SMA Curbs Advance appeared first on Action Forex... Read More

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Posted: Jan 5 2023, 09:13

Author Name: actionforex

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