(0,9622) The AUSSIE confirmed on Friday a weak daily and weekly closing below the low of the previous session/ week reversing the recover. The monthly closing was very weak as well below the lows of the previous 18 months. Further weakness should follow in the coming weeks!! The indicators of the daily chart are still well negative with bullish divergences confirming the negative tone they are negative also in the weekly and monthly charts. The indicators of the s/t charts are instead above the line this morning supporting a possible rebound. The AUSSIE could be forming a reversed S_H_S formation with the neck line at 0,9665; an hourly closing above this line will favour a rally toward 0,9800!! A move below 0,9550 will support lower levels with next target at 0,9494!!
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Future Trend