Cable Trades In Narrow Consolidation Above Fresh Low, Overall Bias Remains On The Downside

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

  1. Kaitlin

    Kaitlin Forum Member

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    Cable posted new low at 1.2683, but closed in green yesterday, signaling near-term consolidation after strong two-day fall. Recovery attempts were so far limited, keeping intact strong resistance at 1.2795 (former key support).[​IMG]

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