Technical Analysis – AUDJPY holds onto bullish bias but risks further consolidation
Posted on July 15, 2020 at 2:55 pm GMTAUDJPY hit a one-month high of 75.26 on Tuesday as it continued to increase positive momentum following last week’s bounce off the 20-day moving average (MA). The RSI is currently trending higher above 50 and hasn’t yet reached overbought levels, indicating there is scope for additional gains in the coming days. However, the MACD remains flat despite the recent gains, suggesting it’s too soon to predict an end to the neutral picture in the short to medium term. If the [..]