The AUSSIE is on the way to confirm a possible double top formation above 1,0080; an hourly closing below 0,9975 will confirm lower levels suggesting a return toward the 200 hours line at 0,9856! The US market has still some open gap up that we expect to be closed.
The indicators of the daily chart are still negative while those of the s/t ones turned mixed supporting some consolidation. Having formed bearish divergences on the way up the decline could be just corrective.
We have increased the position at 1,0030 as suggested and wait now for the drop toward the 200 hours line to take profit!!
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FUTURE TREND RESEARCH