(1,0458) The AUSSIE confirmed a strong closing last night above the top of the previous session but it failed yet to move above 1,05, the s/t key level!! The indicators of the daily chart are however still well positive while those of the s/t ones are showing a mixed picture suggesting further consolidation. The upside pressure we saw yesterday started forming bearish divergences putting already some pressure on our yesterday’s bearish call. Only an hourly closing below the 200 hours line at 1,0440 will support lower levels suggesting a 1,04 undershooting!! Nevertheless for the moment we keep the short position and the stop!!
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Future Trend Research