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AUDUSD Remains In Daily Cloud, Weekly Long-Legged Doji Signals No Clear Direction

Discussion in 'Technical Analysis' started by Kaitlin, Oct 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Australian dollar eases on Monday and remains within daily cloud (spanned between 0.7574 and 0.7616) after three-day rally spiked at 0.7645, but upside rejection and subsequent pullback left daily candle with long upper shadow that signaled hesitation of near-term bulls. The notion is supported by long-legged weekly Doji, as weekly[​IMG]

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