Technical Analysis – AUDUSD restores bullish bias with foothold on mid-Bollinger band
Posted on December 24, 2020 at 8:38 am GMTAUDUSD’s recent traction off the mid-Bollinger band at 0.7461 appears to have revived the upside tendency, which commenced from the 0.6990 low of November 2. In addition, the climbing simple moving averages (SMAs) are safeguarding the dominant bullish picture. Furthermore, positive momentum seems to be improving within the short-term technical indicators. The MACD has slid marginally below its somewhat stationary red signal line but remains deep in the positive region, while the rising RSI is approaching the 70 level. Additionally, [..]