AUDUSD - Downside Risk Will Remain In Play While The Price Action Is Capped By Daily Cloud Top

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The pair is trading around 0.7600 handle, with near-term recovery attempts capped by daily cloud top so far. Near-term structure is bearish after last week ended in long red candle, with scope seen for further correction of 0.7440/0.7708 rally. Last Friday's trading ended in long-legged Doji and signaled indecision, as[​IMG]

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