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AUD/USD is hitting a ceiling

Although the 50- and the 200-period SMAs are positively aligned, the upside in AUD/USD has stalled in recent trading.

A 4hr stochastic above its median line don’t necessarily favours a liquidation of long-term buy positions, but the 1-hour stochastic is increasingly pointing that it could be necessary soon.

The oscillator has been precariously perched above the 70% level for more than eight hours and has just abandoned overbought territory with the recent hourly close. We see bias for a roll back lower in the short-term.

USD/JPY: Bullish triangle pattern emerging?

USD/JPY is well and truly in a long-term consolidation while fundamentals are mixed and not giving investors a decisive clue as to where the most direction strength will come from.
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