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AUSUSD - N/T Recovery So Far Capped By Strong Daily/Weekly Cloud Tops At 0.7490 Zone

Discussion in 'Technical Analysis' started by Kaitlin, Jul 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Overall structure remains negative, following last Friday's close in red and below daily cloud top/daily Tenkan-sen line at 0.7488, which so far capped today's recovery attempts off 0.7448 (session low) which lies just ticks above Friday's fresh two-week low at 0.7441. Negative stance was reinforced on Friday's probe below 0.7453[​IMG]

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