(1,0405) The AUSSIE confirmed a 1,0390 undershooting last night where it found good support by the 200 days line at 1,0389 that caused a decent rebound. The closing was however still weak below the low of the previous session. While above the 200 days line on a daily closing we expect the AUSSIE to eventually recover suggesting a 1,05 overshooting. The indicators of the daily chart are however still well positive but those of the s/t ones turned all below the line this morning suggesting further possible pressure. Only an hourly closing below 1,0385 will however support further weakness confirming also a double top formation around 1,05 with a potential target below 1,03!! For the moment prefer remaining short with the stop now at 1,0458.
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Future Trend Research