AUD/USD offers value upside with positive carry
Updated
Why AUD/USD seems to be bullish:
- AUD/USD has stayed above 20-monthly moving average 4 months first time since 2012.
- Since 2016 it has been trending higher making higher lows. It's currently sitting on 20-weekly moving average.
- 200-daily moving average has turned upwards
- Commodities pressure is easing
- DXY standing at 2 st dev's above it's historical trend (pbs.twimg.com/media/CviRbdsXYAEtScf.jpg)
- DXY signaled RSI double top
- Monthly MACD has bullish divergence
Try to buy it nearby the 200-daily moving average.
- AUD/USD has stayed above 20-monthly moving average 4 months first time since 2012.
- Since 2016 it has been trending higher making higher lows. It's currently sitting on 20-weekly moving average.
- 200-daily moving average has turned upwards
- Commodities pressure is easing
- DXY standing at 2 st dev's above it's historical trend (pbs.twimg.com/media/CviRbdsXYAEtScf.jpg)
- DXY signaled RSI double top
- Monthly MACD has bullish divergence
Try to buy it nearby the 200-daily moving average.
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