AUDUSD Consolidates Above Daily Cloud Base, Further Weakness Is Favored

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair consolidates above daily cloud base which was cracked today, but continues to provide support. Long bearish candle on Tuesday generated strong bearish signal and Wednesday’s bullish candle with long upper shadow, signaling limited recovery action. Further hesitation above daily cloud base could be anticipated, with former low at[​IMG]

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