AUDUSD Still Consolidating; Unable to Break Lower Channel

<p>AUDUSD has been consolidating since the end of April around the Ichimoku cloud and the 40-period simple moving average (SMA) currently at 0.6473. The price is trading within the 0.6378 – 0.6570 area with the stochastics approaching the overbought zone and the RSI touching the 50 level, suggesting some more gains in the 4-hour chart. […]</p>
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