(1,0238) The AUSSIE confirmed a weak closing below the opening and below the low of Friday suggesting further weakness. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting lower levels. Bullish divergences in the s/t charts support a negative tone. Only an hourly closing above 1,0330 will postpone the decline favouring a rebound with the 200 hours line at 1,0369 the attraction. We wait for higher levels to sell for a drop toward our target at 1,0178, but only close to the 200 hours line!!
Click here to read the full report: AUDUSD 04.23
Future Trend Research
