(0,9620) The AUSSIE formed a negative day reversal but we believe the decline was just corrective and there is further s/t upside potential. The indicators of the daily chart are now well positive but not yet those of the weekly one!! The indicators of the s/t charts still showing a mixed picture suggesting further consolidation/ correction. While above 0,9535 on an hourly closing we favour further strength suggesting a retest of last week’s high at 0,9666 with even a possible overshooting! The AUSSIE confirmed the suggested reversed S_H_S formation suggesting a s/t target at 0,9802!!!
We stay on the sideline
Read the full report: AUDUSD 06.17
Future Trend