Technical Analysis – AUDUSD capped by the 50.0% Fibonacci; moves into Ichimoku cloud
AUDUSD shifted sideways into the Ichimoku cloud after its attempt to recoup the losses that commenced on July 19 was halted at the ceiling of 0.6880 – the 50.0% Fibonacci retracement level of the down leg from 0.7081 to 0.6676. The 21-day simple moving average (SMA) seems to be approaching a bullish cross, while the […]