The AUDUSD pair advanced in the previous session to close at 0.7337, after making a high at 0.7346. Daily MACD is trading in the negative territory while the RSI and stochastic are pointing south, reflecting a bearish technical picture. Upper Bollinger band crossover on the 2H and 4H charts along with the RSI and stochastic heading sharply lower hints that the pair is likely to witness correction on a short term basis. Immediate intraday support is located at the 4H 20SMA (currently placed at th…
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