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AUDUSD - Daily Cloud Top Support Remains Under Pressure After Limited Recovery Attempts

Discussion in 'Technical Analysis' started by Kaitlin, Aug 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Aussie came under pressure on Tuesday after recovery attempts from Monday’s 0.7523 low were capped just under strong resistance at 0.7586 (Fibo 38.2% of 0.7690/0.7523 downleg/daily Kijun-sen line). Bears prevail on near-term studies, while daily technicals are weakening and keeping the downside pressured. Near-term risk remains shifted towards strong support[​IMG]

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