AUDUSD Cluster Chart 10-18-16

18 באוק׳ 2016

PA has shot up and taken out the strong upper resistance cluster and made a bounce. A new cluster formed right above at 0.77, but I don't think PA has enough strength to go any further up to hit it especially as we are near the falling TL on the D1. Expecting a reversal down now to target the lower clusters.