 AUDUSD set another foothold around the two-month-old ascending trendline last week, correcting higher to test the 0.6800 level on Wednesday. Despite the pickup, the 38.2 Fibonacci of the 0.76600.6169 downtrend and the 20-day simple moving average SMA, which is also the middle Bollinger band, restrained the bulls around 0.6740 for the eighth consecutive trading day. ... The post AUDUSD Stays Trapped Below Familiar Resistance appeared first on Action Forex... 