AUDUSD - Daily Cloud Top So Far Holds Dips, Strong Downside Risk Seen On Firm Break Lower

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Aussie remains at the back foot on Wednesday, following Tuesday’s strong fall that was shaped in long red daily candle. Fresh weakness attacked again daily cloud top which so far holds dips, guarding nearby second pivot at 0.7585 (daily Kijun-sen line). These supports should ideally contain near-term correction from[​IMG]

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