(1,0286) The AUSSIE failed on Friday to confirm the small positive day reversal it formed on Thursday. The closing was negative in the daily as well as in the weekly charts; in the latter it was even weak!! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are instead mixed suggesting further consolidation/ correction. Only an hourly closing above 1,0360 will support a little higher levels with the 200 hours line at 1,0406 the possible attraction. This possible move up is corrective and a selling opportunity!! We wait for higher levels to sell for a drop toward our target at 1,0178!!
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Future Trend Research