(0,9393) The AUSSIE formed a small positive day reversal extending its move up this morning after the RBA meeting. The monthly closing was strong above the previous month’s high. The indicators of the daily chart are still well positive but not yet those of the monthly one. The indicators of the s/t charts are positive this morning supporting the rebound that is already favouring the retest of the 0,9400 area. We expect further strength toward 0,9440, but overall still believe this rally is corrective. We sell therefore a 0,9440 overshooting!!
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