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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

    Aug 29, 2015
    Likes Received:
    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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