(1,0284) The AUSSIE confirmed another strong closing last night well above the top of the previous session; a daily closing tonight above 1,0265 will confirm a s/t bottom is in place for the AUSSIE suggesting higher levels with the 200 days line at 1,0342 the first attraction. The indicators of the daily chart are still negative but now at the line; a very strong closing tonight will already turn them positive. The indicators of the s/t charts are instead already positive but like in the hourly one we have already overbought conditions and potential negative reversals. While above 1,0270 on an hourly closing we could however see a direct 1,03 overshooting with the 200 days line the attraction. We suggest waiting for this possible extension to sell the AUSSIE but only close to the 200 days line!!
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Future Trend Research