(1,0485) The AUSSIE confirmed a strong closing last night above the tops of the last few sessions suggesting some more upside potential. The yearly closing was positive but overall the pair remained interior the previous year’s range. Also the monthly one was positive but also here it is still interior September range and outside month with 1,0635 – 1,0155 the levels!! The indicators of the daily and monthly charts are however still negative but those of the weekly one remain above the line for now. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation. The move up we saw since Monday formed bearish divergences in the hourly chart suggesting a positive tone but at the same time we have still a negative reversal situation. We believe therefore there is some downside potential in the s/t with the 200 hours line at 1,0397 the possible attraction, move that we expect to be corrective. We wait therefore for lower levels!!
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Future Trend Research