AUDUSD – Bulls Pause After Friday’s Strong Rally, Eye Economic Data for Fresh Signals

Wait 5 sec.

AUDUSD consolidates just under new 2 ½ month high on Monday after last Friday’s 0.8% gain completed uninterrupted eight-week rally. Bulls cracked a double Fibo barrier at 0.7180 (Fibo 76.4% retracement of 0.7277/0.6865 / Fibo 161.8% expansion of the third wave of five-wave cycle from 0.6865, June 30 low) where stronger headwinds could be expected, […]The post AUDUSD – Bulls Pause After Friday’s Strong Rally, Eye Economic Data for Fresh Signals appeared first on ActionForex.