Technical Analysis – AUDUSD pierces 200-day MA after a year; bias cautiously bullish
Posted on April 17, 2019 at 7:22 am GMTAUDUSD crawled slightly above the 200-day simple moving average (SMA) early on Wednesday for the first time in more than a year to meet resistance at a two-month high of 0.7205. Positive momentum could hold in the short term as the red Tenkan-sen line continues to gain ground above the blue Kijun-sen, while the MACD keeps fluctuating comfortably above its red trigger line. At the same time, the pair is also trading along the upper Bollinger band over the past few days, [..]