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Aussie Resumes Strong 3-Day Fall, 0.7488 Pivot Under Strong Pressure

Discussion in 'Technical Analysis' started by Kaitlin, Sep 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Strong bearish acceleration off 0.7730 spike high, extends into fourth consecutive day and approaches key near-term support at 0.7488 (31 Aug trough). Long bearish daily candle, formed on Friday and red weekly candle with long upper shadow, maintain strong bearish pressure. Daily studies are entering into full bearish mode, as[​IMG]

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