AUD/USD Technical Analysis

(0,9190) The AUSSIE confirmed a positive closing but it failed to confirm the break above 0,9200, the resistance of the inside day. The closing was however above the neck line of the reversed S_H_S formation. The weekly closing was however strong supporting further strength! The indicators of the daily chart are still well positive but not yet those of the weekly one. The indicators of the s/t charts are positive with bearish divergences even in the 4h chart supporting a positive tone. The rally above 0,9200 confirm a positive reversal suggesting a s/t target at 0,9322!! We suggest therefore waiting for a decent correction to buy!

Read the full report: AUDUSD 09.09

 

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