1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Important Resistance Confluence Restricts AUDUSD Advance

Discussion in 'Technical Analysis' started by Kaitlin, Feb 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Although AUDUSD's bounce from the 0.6830-20 support-zone propelled the pair towards marking new highs for the January month, the 50-day and 100-day SMA confluence, also including 23.6% Fibonacci Retracement of its May 2015 – January 2016 decline, around 0.7140-50, held the pair's further up-move captive, indicating a pullback towards 0.7000[​IMG]

    Continue reading...

Share This Page