(1,0433) The AUSSIE formed a positive day reversal yesterday after a 1,0350 undershooting where it found good support. The closing above the 200 days line could favour a higher retracement. The indicators of the daily chart are still well positive and also those of the weekly one are returning above the line after the weak weekly closing. The indicators of the s/t charts are positive this morning suggesting further consolidation/ correction. In the hourly chart we have however potential negative reversal suggesting a limited upside potential. However, while above the 200 hours line at 1,0424 we see further possible strength. The target of the double top the AUSSIE confirmed last week has not been reached yet at 1,0273. We try therefore staying short with the stop still at 1,0458!!
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Future Trend Research