(0,9409) The AUSSIE confirmed a positive day reversal but overall the pair is still consolidating interior the inside day with 0,9540 – 0,9320 still the levels to follow in the coming hours. The closing was again above the s/t support line but this morning we’re again below of it suggesting further pressure. The indicators of the daily chart are however still well positive but showing potential negative reversals. The indicators of the s/t charts are instead still showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 0,9460 will confirm a resumption of the move up. While below we expect the AUSSIE to move lower! We wait for stronger signals but overall favour a lower retracement!!
Read the full report: AUDUSD 09.24
Future Trend