HomeContributorsTechnical AnalysisAUDUSD – Extended Pullback Approaches Top Of Rising Daily Cloud

AUDUSD – Extended Pullback Approaches Top Of Rising Daily Cloud

The Aussie remains under pressure and accelerated lower on Wednesday, after previous day’s dip was contained at 0.7637 and subsequent bounce resulted in close well above cracked pivot at 0.7649 (Fibo 38.2% of 0.7489/0.7747 upleg).

Fresh weakness is threatening key supports at 0.7618/0.7597 (daily Kijun-sen / top of widening daily Ichimoku cloud.

Pullback from fresh high at 0.7747 needs to find ground at these supports to keep overall bullish structure intact for fresh upside attempts.

Conversely, penetration into daily cloud and violation of nearby 0.7588 pivot 9Fibo 61.8%) would signal further weakness and open 0.7550 (Fibo 76.4%) and 0.7541 (200SMA).

Res: 0.7649, 0.7665, 0.7682, 0.7700
Sup: 0.7618, 0.7597, 0.7588, 0.7550

Windsor Brokers Ltd
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