(0,9440) The AUSSIE confirmed on Friday further consolidation interior the positive outside day with 0,9685 – 0,9420 still the levels to follow. Only a daily closing below 0,9420, that was tested this morning with even an undershooting toward 0,9390, will support further direct weakness suggesting a drop below the 0,9388 key level. The indicators of the daily chart are still well negative as well as those of the weekly one where we have now as well oversold conditions showing also potential positive reversals. The indicators of the s/t charts are negative to mixed suggesting some consolidation. Only an hourly closing above 0,9460 will support higher level suggesting a possible move up toward the 200 hours line, now found at 0,9593. We stay on the sideline but expect higher levels! We are waiting for confirmation to buy the correction!
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