AUD/USD Technical Analysis

(0,9365) The AUSSIE confirmed on Friday a negative closing while however remaining interior the negative outside day with 0,9365 – 0,9215 still the levels to follow in the coming hours. The AUSSIE already broke on the upside suggesting further strength. A daily closing above 0,9383, the 100 days line, will support further strength even toward the 200 days line, now found at 0,9886! The indicators of the daily chart are still well positive however slowly approaching the overbought area; those of the weekly one are now also positive supporting further strength. Bearish divergences in the 4h chart support a positive tone supporting further strength toward next s/t target at 0,9481!! We expect further strength; wait for a decent correction to buy

Read the full report: AUDUSD 09.16

 

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