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AUDUSD Shifts Medium-Term Outlook to Bearish

AUDUSD Shifts Medium-Term Outlook to Bearish
AUDUSD is still developing below the penetrated medium-term uptrend line with strong resistance being also the 200-day simple moving average (SMA) at 0.6790. In trend indicators, the 20- and the 50-day SMAs posted a bearish crossover, confirming the recent bearish move after the pullback off the eight-month high of 0.7160. The MACD oscillator is losing momentum beneath its […] The post AUDUSD Shifts Medium-Term Outlook to Bearish appeared first on Action Forex... Read More
Posted: Mar 2 2023, 09:31
Author Name: actionforex
Views: 110289

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