 AUDUSD has been in a recovery mode since mid-October when its long-term downtrend hit a bottom at the 32-month low of 0.6169. However, the pairs rebound appears to be fading as the price has been constantly held down by the 200-day simple moving average SMA. The momentum indicators currently suggest that bullish forces are subsiding but remain in charge. Specifically, ... The post AUDUSD Consolidates After 200-day SMA Curbs Advance appeared first on Action Forex... 