(0,9555) The AUSSIE confirmed yesterday further consolidation interior the inside day with 0,9790 – 0,9580 still the levels to follow in the coming hours. I broke however below the support this morning suggesting further weakness toward next key level at 0,9388! The indicators of the daily chart are also still well negative showing oversold conditions as well as bullish divergences supporting a negative tone. The indicators of the s/t charts are also well negative supporting lower levels. Only an hourly closing above 0,9600 will postpone the decline supporting a rebound! We expect lower levels!! We stay on the sideline for now!
Click here to read the full report: AUDUSD 05.29
Future Trend