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AUDUSD Probed Below Daily Cloud, Firm Break Needed To Confirm Bearish Resumption

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Australian dollar posted fresh three-week low at 0.7504 on Thursday and bounced after meeting target at 0.7504 (Fibo 76.4% of 0.7440/0.7708 rally. The price is still showing hesitation to clearly break below daily cloud base at 0.7537, as subsequent bounce returned back into cloud.[​IMG]

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