Technical Analysis – AUDUSD steady above 0.9200
Posted on May 6, 2014 at 7:23 am GMTFor the past 2 weeks, AUDUSD has been gyrating the 23.6% Fibonacci retracement level (0.9271) of the upleg from January 24 (0.8659) to April 10 (0.9460). Technical indicators are mixed and are not showing a clear direction at the moment on the daily time frame. The RSI is flat on the 50 level. The 50-day moving average has crossed above the 200-day moving average, which is usually a bullish signal. The market is above the Ichimoku cloud, which is also [..]