(0,9895) The AUSSIE confirmed out s/t target and another weak closing but it could have found some s7t support below 0,9880!! Still possible an extension toward the support line at 0,9855 where we could try a long position for a decent rebound!! The indicators of the daily chart are still well negative and oversold showing also potential positive reversals. Those of the s/t charts are also oversold with bullish divergences even in the 4h chart supporting the negative tone. In the hourly chart the indicators are however very close to turn above the line suggesting a possible correction. Only an hourly closing above 0,9920 will however support a little higher levels with the 200 hours line, now at 1,0124, the possible attraction. We stay on the side line!
Click here to read the full report: AUDUSD 05.15
Future Trend