AUD/USD Technical Analysis

(0,9040) The AUSSIE failed on Friday to confirm the previous day’s positive day reversal managing however a positive closing. The weekly one was instead negative completing a negative outside week reversal!! In the daily chart we have a potential reversed S_H_S formation; only a daily closing above the neck line at 0,9215 will however confirm a bottom!! The indicators of the daily chart are however still well positive but those of the weekly one remain below the line. The indicators of the s/t charts are positive this morning supporting a little higher levels. An hourly closing above 0,9050 will support a test of the 200 hours line at 0,9087 with even a possible 0,9100 overshooting. We are still long and move the stop to 0,8965 while waiting for a test of the 200 hours line; in case of an hourly closing above 0,9050 we move the stop to 0,9005!

Read the full report: AUDUSD 08.26

 

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