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AUDUSD Sharply Higher Post RBA

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Aussie rallied strongly on Tuesday, extending recovery action for the fifth consecutive day. Rally from 0.7488 (31 Aug correction low), surged through important daily Tenkan-sen/Kijun-sen barriers at 0.7589 and 0.7627 and peaked ticks ahead of pivotal 0.7655 barrier (Fibo 61.8% of 0.7758/0.7488 pullback. Daily MA's turned into full bullish mode[​IMG]

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