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AUDUSD Holds Above Daily Cloud, But Gains Are So Far Limited

Discussion in 'Technical Analysis' started by Kaitlin, Sep 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Aussie consolidates under recovery high at 0.7560, posted on two-day bounce from 0.7488 (31 Aug correction low). Strong bullish close above cracked daily cloud top, generated positive signal, however, the pair was so far unable to clearly break initial barrier at 0.7552 (Fibo 23.6% of 0.7758/0.7488 pullback), which keeps in play risk of fresh weakness.[​IMG]

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