AUDUSD Bulls Step in But Caution Still Warranted

<p><img width="612" height="450" src="https://www.actionforex.com/wp-content/uploads/2019/04/f-aud67.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2019/04/f-aud67.jpg 612w, https://www.actionforex.com/wp-content/uploads/2019/04/f-aud67-600×441.jpg 600w, https://www.actionforex.com/wp-content/uploads/2019/04/f-aud67-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2019/04/f-aud67-571×420.jpg 571w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>AUDUSD pivots higher near familiar support Short-term risk remains skewed to the downside Next resistance expected to emerge near 20-SMA AUDUSD found shelter near the descending line drawn from December 2022 for the fifth time, avoiding any declines below the 0.6300 round level. The RSI and the stochastic oscillators have deviated above their oversold levels, […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/521899-audusd-bulls-step-in-but-caution-still-warranted/">AUDUSD Bulls Step in But Caution Still Warranted</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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