(1,0371) The AUSSIE confirmed a negative closing, however still well above the 200 days line and close to Friday’s top. While above the 200 days line we see further upside potential. The indicators of the daily chart are still well positive but those of the s/t ones turned below the line this morning suggesting a new test on the downside. Possible therefore a move toward the 200 hours line, now found at 1,0316. This decline should be corrective and a buying opportunity but we suggest waiting for level below 1,03 before trying a long position.
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Future Trend Research