AUD/USD Technical Analysis

(0,8983) The AUSSIE formed already last night a positive day reversal after a 0,8850 undershooting. A daily closing tonight above 0,893 will confirm a s/t bottom supporting further correction! The indicators of the daily chart are already returning above the line and also those of the s/t ones are in positive territory showing however close to overbought situation. Nevertheless we could well see an extension of the correction toward the 200 hours line, now found at 0,9059!! We suggest buying a possible 0,8940 undershooting with a stop at 0,8845 for a 0,9100 overshooting!

Read the full report: AUDUSD 08.06

 

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