The AUSSIE is overall still confirming further consolidation interior the big inside day with 1,0345 – 0,9930 still the levels to follow, despite the overshooting yesterday of the resistance. The selloff we‘re seeing this morning could cause an undershooting of the parity where we suggest closing the shorts that we made too early!!
The indicators of the daily chart are already turning below the line and also those of the s/t ones are in negative territory supporting further weakness.. possible rebounds should find resistance at the 200 hours line at 1,0199.
We stay short.
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FUTURE TREND RESEARCH