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AUDUSD Corrects Recent Rally, Daily Tenkan-Sen So Far Holds Dips

Discussion in 'Technical Analysis' started by Kaitlin, Jul 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Aussie is taking a breather after strong five-day recovery rally from 0.7317 that peaked at 0.7543. Dips were so far contained by strong support zone within 0.7488 and 0.7474, defined by daily Ichimoku cloud top and daily Tenkan-sen line. The area is seen as ideal reversal point, with extended dips[​IMG]

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