AUD/USD Technical Analysis

(1,0383) The AUSSIE confirmed yesterday a session of consolidation forming a new inside day with 1,0425 – 1,0320 the levels to follow in the coming hours. A daily closing above 1,0425 will support an extension of the move up suggesting a 1,05 overshooting!! The indicators of the daily chart are still well positive while those of the s/t ones are showing a mixed picture this morning. However, while above 1,0350 on an hourly closing we favour further possible strength toward a s/t target at 1,0425 but of course as already suggested we favour even a 1,05 overshooting!!

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