AUDUSD - Recovery Accelerates, Underpinned By Rising Daily Cloud Base

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Aussie maintains positive near-term tone, with price action underpinned by rising daily Ichimoku cloud which contained past two-week fall. Today’s fresh bullish acceleration returned to the middle of daily cloud (spanned between 0.7478 and 0.7605) and approaches strong barriers at 0.7561 / 65 (Fibo 38.2% of 0.7730/0.7440 pullback / peaks of last Thu/Fri).[​IMG]

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