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Cable Consolidates Under Fresh 3-Week High, N/T Action Remains Biased Higher

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

  1. Kaitlin

    Kaitlin Forum Member

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    Cable eases from 1.3270, peak of past three-day rally and fresh three-week high, with near-term consolidation being so far contained by 1.3200 support (former strong resistance). Daily studies are turning into bullish mode, with the pair attempting above the upper boundary of bullish rising wedge that formed on the daily chart.[​IMG]

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