(1,0336) The AUSSIE confirmed a strong closing last night above the tops of the previous few sessions. Only a daily closing tonight above 1,0360 will support higher levels with the 200 days line at 1,0398 the attraction. A monthly closing at the present level will form a negative month reversal!! The indicators of the daily chart are still negative as well as those of the monthly one supporting further weakness. The indicators of the s/t charts are instead mixed supporting further consolidation. The move above 1,0340 completed yesterday a reversed S_H_S formation supporting a possible 1,04 overshooting!! While above 1,0320 we expect further upside potential. We try a long position here at 1,0338 putting a stop at 1,0288, below the 200 hours line at 1,0294!!
Click here to read the full report: AUDUSD 04.30
Future Trend