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AUDUSD Bounces Back Into Daily Cloud, Following Yesterday's Close In Red

Discussion in 'Technical Analysis' started by Kaitlin, Jun 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Aussie managed to pare some losses of yesterday’s bearish acceleration that extended today to 0.7317 session low, where bounce commenced. Near-term structure remains weak after yesterday’s failure to hold in daily cloud, as fresh weakness closed well below cloud base and also closed below 0.7335 (Fibo 61.8% of 0.7143/0.7645 ascend)[​IMG]

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