AUD/USD Technical Analysis

(1,0476) The AUSSIE confirmed a further positive closing suggesting further upside potential that should finally favour a 1,05 overshooting!! The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further strength. Bearish divergences still support a positive tone. In the s/t only a move below 1,0440 confirmed by an hourly closing will support a deeper correction with the 200 hours line at 1,0403 the possible attraction. A possible decline is a buying opportunity for a rally above 1,05!!

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