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Australian Dollar Approaches Key Barrier At 0.7708 On Fresh Bullish

Discussion in 'Technical Analysis' started by Kaitlin, Oct 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Australian dollar was the top performer in Asia on Tuesday and rallied through barriers at 0.7630/60 (Fibo 61.8% and 76.4% of 0.7708/0.7504 downleg), to approach key near-term barrier at 0.7708 (29 Sep high). Recovery rally from 0.7528 (low of 12 Oct) extends for the fifth consecutive day, with long-tailed Monday's[​IMG]

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