AUD/USD Technical Analysis

(1,0236) The AUSSIE confirmed a weak closing after the strong one at the end of the month, that was however negative in the monthly chart. The indicators of the daily chart are well negative as well as those of the monthly one supporting further weakness. The indicators of the s/t charts are also negative this morning showing oversold conditions in the hourly chart. The drop below 1,0260 aborted the suggested reversed S_H_S formation confirming instead further weakness with a potential target now at 1,0113!! Possible rebounds should find resistance at the 200 hours line at 1,0298!! We got stopped out

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