AUDUSD Ranges Somewhat, Uptrend Under Some Strain

Feb 7, 2024 - 10:51
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<p>AUDUSD has dipped below the 100-period simple moving average (SMA) and appears to be testing the lower boundary of a minor consolidation pattern at 0.7666. The directionless Ichimoku lines and the slightly slowed upward pace of the 50-period SMA are feeding the sideways direction in the pair. That said the steadily climbing 100- and 200-period [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/354029-audusd-ranges-somewhat-uptrend-under-some-strain/">AUDUSD Ranges Somewhat, Uptrend Under Some Strain</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>
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