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

    Aug 29, 2015
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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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