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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
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    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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