AUD/USD Breaches 0.8660 Amid Absence Of Bearish Signals

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11-11-14 19:25:35

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AUD/USD Breaches 0.8660 Amid Absence Of Bearish Signals

Talking Points

Strategy: Flat

Missing Reversal Signals May Open Further Gains
Shooting Star Awaiting Confirmation On H4 Chart

AUD/USD has managed to edge out a daily close beyond the 0.8660 threshold with a void of bearish reversal signals potentially opening further gains. However, with lingering signs of a downtrend a clean run higher may prove difficult. A slide back below 0.8660 would return the risks to the recent lows near 0.8540.

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