AUD/USD Technical Analysis

(0,9690) The AUSSIE confirmed a strong closing yesterday after the confirmation of the suggested reversed S_H_S formation in the hourly chart. The move up is corrective but could not be over yet!! The indicators of the daily chart closed above the line last night but those of the s/t ones are mixed this morning suggesting some consolidation. The move up failed to confirm fresh bearish divergences suggesting the rally was just an overshooting. The decline we’re seeing this morning should find support at the 200 hours line at 0,9654 before the neck line at 0,9640. We try to buy a possible 0,9640 undershooting putting a stop at 0,9585!!

Read full report: AUDUSD 06.04

 

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