The 4-hour chart of the AUD/USD confirms the positive sentiment in the price movement as the currency pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is above the 200-period . The (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the currency pair. ( ) showing values above 50 which supports the sentiment.
In alternative scenario, key lies at 0.66896. Bears must break this level in order to regain sentiment in the market.
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