(1,0137) The AUSSIE confirmed on Friday a weak weekly closing favouring further weakness and today’s sell off that could now confirm a break below 1,0150!! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further pressure. Those of the s/tones are also negative, now even oversold. Possible therefore a rebound suggesting a retest of the 1,02 area. A daily closing below 1,0150 will however support further weakness suggesting a direct 1,00 undershooting!! We stay on the sideline.
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Future Trend Research