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AUDUSD May Extend Consolidation Before Bulls Resume, Daily Cloud Top Expected To Contain

Discussion in 'Technical Analysis' started by Kaitlin, Sep 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Aussie consolidates under fresh recovery high at 0.7693, posted on yesterday’s fresh bullish extension. Firm bullish setup of daily studies supports further advance, however, long-legged yesterday’s candle and daily close below former high at 0.7672 (posted on 22Sep), may signal hesitation. The notion is supported by bearish divergence on daily[​IMG]

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