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AUDUSD consolidates ahead of renewed attack at 0.7155 base / thin daily cloud top

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro came under pressure and dipped to 1.0900, rising daily 10SMA, after yesterday’s repeated failure to sustain break above 200SMA, which lies at 1.1033. Brief extension higher was capped by 100SMA at 1.1058 and subsequent reversal closed again below daily Ichimoku cloud base, currently at 1.0978, which continues to cap near-term price action. Sideways mode is expected to extend, as daily MA’s show mixed setup and south-heading slow Stochastic conflicts with bullishly aligned MACD

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