(1,0435) The AUSSIE formed a negative day reversal but only a closing tonight below 1,0460 will confirm a s/t top supporting lower levels. The indicators of the daily chart already turned again below the line, and also those of the s/t ones are negative supporting further consolidation/ correction. Possible a test of the 200 hours line at 1,0407 if not even a little lower toward the support line at 1,0390. We wait to see how this pair will unfold in the coming hours. Overall a break below 1,0390 could resume the decline.
Click here to read the full report: AUDUSD 01.04
Future Trend Research