(1,0460) The AUSSIE confirmed a positive closing on Friday remaining even above the 200 days channel suggesting further upside potential that should favour a 1,05 overshooting!! The weekly closing was again strong, above the top of the previous week; it was the second strong weekly closing on a row suggesting the AUSSIE could have a bottom at 1,0115 suggesting further upside potential for the coming weeks. The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also more or less positive supporting higher levels. Bearish divergences confirm the positive tone! Possible corrections should find support already at 1,0430 before the 200 hours line, now found at 1,0386. We favour further strength suggesting a 1,05 overshooting where we want to sell some AUSSIE for a return toward the 200 hours line!! The trend is however positive, therefore buy on deeps!!
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