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AUDUSD - Extended Pullback Penetrates Into Daily Cloud And Weakens Near-Term Outlook

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

  1. Kaitlin

    Kaitlin Forum Member

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    Signal of recovery stall was generated on yesterday's long bearish candle, with today's extension below strong support, provided by daily cloud top at 0.7626, signaling stronger correction of 0.7440/0.7708 rally. Fresh weakness spiked to 0.7588 so far, where sideways-moving daily Kijun-sen line, also converged daily 20/30 55 SMA's offered temporary[​IMG]

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