Technical Analysis – AUDUSD still bullish; encounters upside tensions
Posted on June 1, 2020 at 11:21 am GMTAUDUSD today overcame the 0.6684 tough resistance from March 9, producing a nearly four-month high of 0.6772 and pushing the medium-term timeframe back into neutral territory. Although the price appears to have stalled ahead of the 0.6777 high from January 29, the Ichimoku lines retain their positive tone while the rising simple moving averages (SMAs) feed the bigger positive picture. The short-term oscillators at the moment display conflicting signals in directional momentum. Taking a glimpse at the RSI, it has [..]