(0,9427) The AUSSIE is still under pressure and this morning we saw already a test of the key level at 0,9388 with even a small undershooting before turning again higher. Only a daily closing below 0,9388 will support further weakness suggesting a retest of the 0,9000 level!! The indicators of the daily chart are still well negative while those of the s/t charts are mixed suggesting a possible correction. The drop below 0,9400 failed to confirm a new low on closing but this is not enough to support a rebound. We need an hourly closing above 0,9485 to confirm higher levels with the 200 hours line at 0,9574 the attraction. We prefer remaining on the side line waiting for a decent rebound to sell!!
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