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AUDUSD keeps the bears in charge

Discussion in 'Technical Analysis' started by ForexLive, Sep 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Sellers come in against resistance levels In an earlier post (), I spoke of the downside momentum in the pair. I also outlined the risk level for shorts between the 38.2-50% of the last leg lower (see 0.7041-49 yellow area in the chart below). The market decline did slow and the consolidation/correction did stall in the "correction zone" area (between the 38.2-50%).

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