AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud. Several signals point to basing attempts and formation of reversal pattern on daily chart, such as Monday’s Hammer candle with long tail and a bear-trap. Hammer is also forming on weekly chart, while […]
The post AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart appeared first on Action Forex.
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