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AUDUSD Holds Above Daily Cloud After False Break Below Cloud Top

Discussion in 'Technical Analysis' started by Kaitlin, Oct 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair resumes recovery from Friday's low at 0.7585, where daily Kijun-sen contained dips and subsequent bounce signaled false break into daily cloud. Bullish daily studies continue to support for retest of recent recovery peak at 0.7708, which lies just ahead of 0.7730 (peak of 08 Sep).[​IMG]

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