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AUDUSD Bounces Above Daily Cloud, Extended Correction Not Ruled Out

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Aussie bounces above daily cloud which was penetrated in past two-day action, after pullback from 0.7758 peak, found temporary support at 0.7488. Today's fresh strength emerged from Wednesday's bullish close, as long-legged daily candle signaled descend stall and possible formation of reversal pattern. Today's close above daily cloud top at[​IMG]

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