Forex Technical Analysis AUD/USD 2013-09-18
The currency pair has been neutral in near term, extending in the last trading sessions in 0.9386/0.9284 sideways area. Nevertheless, in the longer term is in an uptrend as indicated by the surging trend line and above the SMAs, who are currently providing natural downside hurdles.
Looking at the oscillators we get mixed signals, firstly Stochastic rose earlier this week in overbought zone providing some contrarian signal but the MACD and RSI (14) are not so revealing.
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