AUDUSD - Narrow Consolidation Is Under Way, N/T Focus Remains Shifted Up

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Near-term consolidation is holding above 0.7650 zone where today’s dips found support. Extended consolidation is seen as likely near-term scenario, as further bulls are questioned by lack of momentum and overbought daily Slow Stochastic, despite strong bullish signal given by yesterday’s long green daily candle.[​IMG]

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