(1,0315) The AUSSIE formed a small positive day reversal but only a daily closing above 1,0341 will confirm a s/t bottom. The pair failed therefore to confirm the break below the support of the inside day at 1,0280. The indicators of the daily chart are however still well negative while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 1,0341 will however support a little higher levels with the 200 hours line at 1,0431 the possible attraction. This possible move up is corrective and a selling opportunity!! We wait for higher levels to sell for a drop toward our target at 1,0178!!
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Future Trend Research
