AUD/USD Technical Analysis

(0,9650) The AUSSIE confirmed further confirmation interior the inside day with 0,9790 – 0,9580 still the levels to follow in the coming hours. The closing was still negative. The indicators of the daily chart are also still well negative showing oversold conditions with however bullish divergences confirming further downside risk. The indicators of the s/t charts turned instead above the line this morning supporting a possible rebound. Only an hourly closing above 0,9670 will however confirm higher levels with the 200 hours line at 0,9727 the attraction. Only an hourly closing above 0,9780 will postpone further weakness!! While below 0,9670 the risk is 0,9563!! We stay on the sideline for now!

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