AUDUSD Bullish Efforts Suppressed by 100-MA

[PocketOption]

AUDUSD Bullish Efforts Suppressed by 100-MA

AUDUSD is struggling to stretch north of the Ichimoku cloud and the 100-day simple moving average (SMA) after the price bounce within the 0.6963-0.7020 base. The SMAs are endorsing a bearish bias in the pair with the 100- and 200-day SMAs specifically safeguarding the one-year decline from the three-year peak of 0.8006. Currently, the Ichimoku […]

The post AUDUSD Bullish Efforts Suppressed by 100-MA appeared first on Action Forex.

Source: AUDUSD Bullish Efforts Suppressed by 100-MA