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AUD/USD is Back Above Ichimoku Cloud Once Again - Temporary?
After failing to break below, once again AUDUSD above Ichimoku cloud is making its way up. Temporary correction? Or is the upternd here to stay? Read on for Invest Diva's IDDA approach to strategy development. Back within an upward channel, the AUDUSD confirms above Ichimoku cloud once again, after failing to break below it. However, this will be the third time the pair has attempted a break above a new pivot level of 0.7690. The daily range of the pair seems to be shrinking within a triangle chart pattern. And while this break above the Ichimoku cloud was conducted by a bullish engulfing, we still need a break above ... (full story)
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