(0,9540) The AUSSIE is confirming a nice correction after the drop yesterday toward 0,9325. It managed however to close above 0,9400, therefore not confirming the break below 0,9388. A daily closing tonight above 0,9472 could even confirm a s/t bottom supporting further upside potential, however corrective!! The indicators of the daily chart are already returning above the line and also those of the s/t ones are positive supporting further strength. The move up already reached the 200 hours line at 0,9540 but based on the price action we could well see a direct extension toward the 0,9620 area where we find a s/t resistance line!! We wait for this extension to sell: we sell a 0,9600 overshooting!!
Read the full report: AUDUSD 06.12
Future Trend