HomeContributorsTechnical AnalysisAUDUSD – Daily Cloud Continues To Underpin But Rallies Remain Limited By...

AUDUSD – Daily Cloud Continues To Underpin But Rallies Remain Limited By Daily Tenkan-Sen

The pair is congested between daily cloud top and Tenkan-sen line, which was cracked on past two days rallies but so far without sustained break higher.

Thickening daily cloud continues to underpin, however, the pair is lacking momentum for stronger upside action for now.

Daily Tenkan-sen (0.7666) is also 50% of 0.7747/0.7585 pullback and repeated failure here would keep the downside vulnerable.

Mixed setup of daily MA’s also shows no clear direction.

Weekly close below cloud top (currently at 0.7646) would generate initial bearish signal and expose lower pivot at 0.7618 (daily Kijun-sen) break of which will be bearish.

Res: 0.7666, 0.7685, 0.7709, 0.7739
Sup: 0.7632, 0.7618, 0.7588, 0.7550

Windsor Brokers Ltd
Windsor Brokers Ltdhttp://www.windsorbrokers.com/
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