AUDUSD Technical Strategy

AUDUSD Technical Strategy

4 August 2014, 19:07
Peter Gervas
0
114
  • Dark Cloud Cover Offered Warning Near Range-Top
  • Harami Pattern May Find Limited Follow-Through

The Australian Dollar may struggle to recover further ground despite the emergence of a Harami pattern on the daily, given sellers remain nearby at 0.9320. A daily close above the critical resistance level would be required to confirm a bullish reversal, which would open the former range-top at 0.9440.


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