AUD/USD Technical Analysis

(0,9835) The AUSSIE formed a positive day reversal that it already aborted this morning by the break below yesterday’s low at 0,9852; a daily closing below this level/ support line will favour further direct weakness toward 0,9580!! The indicators of the daily chart are still well negative and well oversold showing however still a potential positive reversal situation. Those of the s/t charts are also negative supporting lower levels toward next target at 0,9790!! We stay on the side line for now but we’ll try a long position in case of a 0,9680 undershooting with a stop below 0,9580 for a retest of the former support line at 0,9840!!!

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Future Trend