Technical Analysis – AUDUSD raises a bullish flag above channel
Posted on February 11, 2021 at 8:23 am GMTAUDUSD is trying to escape the bearish channel after finding powerful support around the 50-day simple moving average (SMA) and the lower descending line. The spotlight has now turned back to the 0.7800 level, and the momentum indicators suggest the bulls could keep pushing towards that bar in the near term as the RSI is gaining ground above its 50 neutral mark and the MACD is recovering within the positive area. The distance with the upper Bollinger band is another [..]