(0,9465) The AUSSIE failed to extend its move up higher turning instead already lower. The closing was however strong above the top of the previous session. Only a daily closing tonight above 0,9565 will however confirm a bottom supporting a larger correction. The indicators of the daily chart are however still below the line while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. While above 0,9430 on an hourly closing we favour further strength suggesting a retest of yesterday’s top!! The AUSSIE could be forming a reversed S_H_S formation with the neck line at 0,9545!! We stay on the sideline.
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Future Trend