(1,0378) The AUSSIE confirmed a session of consolidation without forming an inside formation. The closing was positive while it found good support, for the moment at 1,0345. For this pair, key is EUR/AUD that broke above the neck line of a larger reversed S_H_S formation. The indicators of the daily chart are still well negative but those of the s/t ones are above the line this morning. In the hourly chart we have however potential negative reversals that should limit the upside favouring instead further pressure. A possible break below 1,0345 will confirm a negative reversal suggesting a s/t target at 1,0247!! Only a move above 1,0395 confirmed by an hourly closing will postpone the decline favouring a rally with the 200 hours line at 1,0441 the possible attraction!! The move up is corrective and a selling opportunity!!
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