(1,0454) The AUSSIE confirmed still a positive closing but again it failed to move higher above the 1,05 level!! The indicators of the daily chart are however still well positive but now starting showing a potential S_H_S formation. The indicators of the s/t charts are instead already below the line suggesting further s/t pressure. The price action of the last few sessions is also forming a small S_H_S in the hourly chart with the neck line at 1,0450; an hourly closing below this line will support further weakness. We suggest however waiting for a closing below the 200 hours line at 1,0445 as a confirmation of lower levels. We are still short with the stop at 1,0505; in case of an hourly losing below 1,0445 we move it to 1,0495, above the right shoulder, with a stop and reverse
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Future Trend Research