AUD/USD Technical Analysis

(1,0547) The AUSSIE still confirmed a positive closing missing a strong one. The closing was however still above the resistance line, now support at 1,0515; while above this line we have to expect further strength suggesting a 1,06 overshooting!! The indicators of the daily chart are still well positive while those of the s/t ones are instead still showing a mixed picture suggesting some consolidation. Only an hourly closing below 1,0525 will postpone further direct strength suggesting a possible drop toward the 200 hours line, now found at 1,0462. This possible drop is a buying opportunity!!

Click here to read the full report: AUDUSD 04.12

 

Future Trend Research