(0,8968) The AUSSIE confirmed a weak weekly as well as monthly closings on Friday suggesting further pressure for this pair. However, it failed last week to form a new low yet suggesting there is still room for another rebound before heading toward lower levels!! The indicators of the weekly and monthly charts are still negative with bullish divergences in the weekly chart supporting a negative tone. Those of the daily chart are again trying to move above the line. The indicators of the s/t charts are also positive this morning supporting a little higher levels. The move up is of course corrective but a possible break of the 200 hours line at 0,8978 will favour a retest of the 0,9060/70 area. We suggest waiting for higher levels to sell!
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