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AUDUSD - Bullish Technicals Favor Further Upside, Focus On RBA

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

  1. Kaitlin

    Kaitlin Forum Member

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    Aussie dollar pulls back off today's marginally higher high at 0.7613 (also Fib 76.4% of 0.7673/0.7419 pullback), against Friday's peak at 0.7608, posted on strong rally from 0.7491. Daily cloud base offered good support and contained downside attempts that penetrated deeply into cloud but failed to finally break lower. Firm[​IMG]

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