Technical Analysis – AUDUSD fails to exit Ichimoku cloud; indicators signal neutral bias
Posted on March 27, 2019 at 7:24 am GMTAUDUSD has been consolidating within the Ichimoku cloud since the price found strong support at the 0.7000 psychological level. The neutral picture in the short-term could last for longer if the bulls find hard to break above the upper line of the cloud as in the previous sessions. The neutral bias is supported by the deterioration in the momentum indicators. The RSI is approaching its threshold of 50, while the MACD oscillator is flattening near the trigger and zero lines. Should the price retreat [..]