(1,0310) The AUSSIE confirmed a correction but the closing last night was still weak below 1,03!! However, while above the 200 hours line at 1,0301 we expect another attempt on the upside. The indicators of the daily chart are however still well negative while those of the s/t ones are mixd this morning suggesting further consolidation/ correction. Only an hourly closing above 1,0345 will support higher level suggesting a re test of the 1,04 area. A break below 1,0285 confirmed by an hourly closing will instead confirm a double top in the hourly chart supporting new weakness that should favour a retest of the previous low at 1,0220!! We are still waiting for higher levels to go short!!
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