AUDUSD – On the daily time frame. I spotted a bullish pintail with yesterday’s close. Price closed above the 15 ema and should be looking to retest the daily pivot. A close above the pivot would give the bulls a lot more reasons to push this higher.
Stochastic is still pointing up and doesn’t show any reversal yet.
Take note however, that the recent Yuan devaluation have caused the markets to be rather more volatile than usual and the stock markets are not taking that news positively either.
To your trading success!