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AUDUSD - rally on strong GDP data eyes 200SMA breakpoint

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro trades around daily cloud top, which was penetrated on yesterday’s weakness that posted fresh low at 1.0832. Near-term price action consolidates within narrow range, holding negative sentiment, despite yesterday’s close in Doji candle. Firm bearish setup of daily MA’s, with 10/200SMA’s Golden cross and 10/30SMA’s bearish cross, along with indicators establishing in the negative territory, keeps the pair under pressure. Trough of 29 Jan at 1.0808 and daily Ichimoku cloud base at

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