(1,0465) The AUSSIE formed yesterday a positive outside day reversal suggesting a retest of the 1,05 area, still the s/t target! The monthly closing was also positive but in the weekly one the pair formed a negative week reversal!! The indicators of the daily chart are still well positive as well as those of the weekly one; the indicators of the monthly chart are instead negative. The indicators of the s/t charts are positive but in the hourly one we have a potential negative reversal suggesting the upside may be limited. The drop below 1,04 formed yesterday bullish divergences suggesting a change of the tone. The possible target is 1,0376!! for this reason we suggest selling the AUSSIE here at 1,0462 putting a stop at 1,0505!!
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Future Trend Research