AUD/USD Technical Analysis

(1,0316) The AUSSIE is confirming a nice correction that already favoured a retest of the 200 hours line at 1,0310; while above this line we expect an extension of the correction toward 1,0350 if not even 1,04, move that we want to sell if seen!! The indicators of the daily chart are however still well negative but those of the s/t ones turned all above the line supporting the rally. However, in the hourly chart we have already overbought conditions showing also negative reversals. We suggest however waiting for a 1,0350 overshooting before selling!! We sell at 1,0350 increasing the position at 1,0395!!

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