The AUSSIE is still well bid after Wednesday’s impressive rally that caused a retest of the 1,0330 area. While below the 200 days line at 1,0414 we expect the AUSSIE to slowly turn again lower.
The US market has still some open gap up and we expect them to be closed, sooner than later!! The indicators of the daily chart are however positive while those of the s/t ones are mixed suggesting some consolidation. The move up failed yet to form further bearish divergences suggesting the move up as an overshooting. Possible therefore a return toward the 200 hours line, now found still only at 0,9921. Only an hourly closing below 1,0150 will however confirm lower levels.
We have increase the position one other time this morning at 1,0247 bringing the average to 1,00806!
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FUTURE TREND RESEARCH