AUD/USD Technical Analysis

(0,9820) The AUSSIE confirmed a positive closing after the weak one on Friday. It remained interior Friday’s range forming a new inside day with 0,9845 – 0,9700 the levels to follow in the coming hours. A daily closing above 0,9845 will support a possible retest of the parity!! The indicators of the daily chart are still well negative and well oversold showing however still potential positive reversal; those of the weekly one are also negative and oversold. The indicators of the s/t charts are above the line this morning supporting further consolidation/ correction. While above 0,9750 on an hourly closing we favour an extension of the corrective move up toward the 200 hours line, now found at 0,9904. This move up is a selling opportunity!!

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Future Trend