FX:AUDUSD Australian Dollar/U.S. Dollar
FX:AUDUSD This pair has been on a steady upward trajectory since late June as shown by by the 23MA having crossed above the 52 day MA. However, the 23MA is starting to show some weakness and is about to cross over to the down side should we see a further retracement of price action as we haveseen over the past few trading sessions. Is it time to go short ? I don't think so, as long a price action stays above the upward slopig yellow trend line.