Thursday, November 14, 2019
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Technical Analysis – AUD/USD fails to break multi-year lows

AUD/USD fails to break multi-year lows; rallies to 50.0% Fibonacci. AUD/USD has rallied above the 21- and 42-day simple moving averages (SMAs), up to the Ichimoku cloud, after the bears were unable to capitalise from the multi-year lows it re-tested earlier this month. Tackling 0.6880, which is the 50.0% Fibonacci retracement level of

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Technical Analysis – AUD/USD cautiously bullish at a critical point

AUD/USD is positioned at a crucial point in the four-hour chart. The pair closed marginally above the 200-period simple moving average (SMA) and managed to pierce the upper boundary of its one-month-old range early on Thursday before pulling downward slightly. The MACD cautiously suggests a bullish bias for the short-term as the indicator

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