AUD/USD Technical: Short-Term Potential Bullish Revival

<p>Cleared above 200-day moving average ex-post US CPI. Short-term uptrend but the medium-term trend is still sideways as it remained below a major descending trendline resistance at 0.6930. Short-term momentum, hourly RSI has turned bullish. This is a follow-up analysis of our prior report, “AUD/USD Technical: Bulls rejected at 20 and 200-day moving averages ahead [&#8230;]</p>
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