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AUDUSD Consolidates After Tuesday's Strong Losses, Downside Remains In Focus

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair bounces from fresh low of over two months at 0.7440, posted on Tuesday’s strong acceleration lower. Yesterday’s sharp fall eventually took out strong 0.7488 support (former trough of 31 Aug) and signaled further retracement of larger 0.7143/0.7758 ascend. Daily close in long red candle generated strong bearish signal,[​IMG]

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