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AUDUSD consolidates just above key l/t support at 0.6906

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro returned below broken bear-channel resistance line and daily 20SMA, above which it closed on Friday’s strong rally. Friday’s daily candle with very long tail, showed renewed buying interest, however, fresh bulls in Asia that initially peaked at 1.0967, were short-lived, keeping former tops at 1.0840 zone, cracked on Asian spike to 1.0967 high, still as good resistance. Setup of daily MA’s is mixed, along with daily indicators, hovering around their midlines and slow Stochastic

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