AUD/USD Weekly Outlook

AUD/USD Weekly Outlook

AUD/USD managed to hold on to 55 days EMA again last week despite a brief break and thus, retained the mildly bullish outlook. As noted before, even though upside momentum is clearly seen diminishing with bearish divergence condition in daily MACD, there is no clear sign of reversal yet. Above<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/7p0LZh59yq4" height="1" width="1"/>

Source: AUD/USD Weekly Outlook