Why AUD/USD seems to be bullish: - AUD/USD has stayed above 20-monthly moving average 4 months first time since 2012. - Since 2016 it has been trending higher making higher lows. It's currently sitting on 20-weekly moving average. - 200-daily moving average has turned upwards - Commodities pressure is easing - DXY standing at 2 st dev's above it's historical trend (pbs.twimg.com/media/CviRbdsXYAEtScf.jpg) - DXY signaled RSI double top - Monthly MACD has bullish divergence
Try to buy it nearby the 200-daily moving average.
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