AUD/USD Technical Analysis

(0,9605) The AUSSIE confirmed a session of consolidation remaining interior Monday’s range forming a new inside day with 0,9805 – 0,9560 the levels to follow in the coming hours; a daily closing below 0,9560 will support further weakness! The indicators of the daily chart are again below the line and cold even move lower while showing already a potential negative reversal situation. The indicators of the s/t charts are also returning below the line supporting further weakness. An hourly closing below 0,9550 will confirm a negative reversal situation aborting the suggested reversed S_H_S formation. The possible target would be 0,9453!! It was probably a mistake to go long at 0,9640 as suggested; we keep it with the stop still at 0,9585 but we don’t like how it is coming lower despite potential positive reversals.

Read the full report: AUDUSD 06.05

 

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