AUDUSD - Fresh Weakness Cracks Key Kijun-Sen Support, Firm Break To Trigger Further Downside

Discussion in 'Technical Analysis' started by Kaitlin, Oct 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Aussie penetrated daily cloud and cracked important 0.7588 support (daily Kijun-sen line), after yesterday's trading was shaped in long-legged Doji candle that signaled indecision ahead of 0.7588 pivot. Clear break here is needed to complete daily Failure Swing pattern for further correction of 0.7440/0.7708 rally, towards next strong supports at[​IMG]

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