(0,8963) The AUSSIE confirmed a strong closing last night well above the top of the previous session that was already a positive day reversal; a daily closing tonight above 0,9010 will confirm a s/t bottom supporting a larger correction. The indicators of the daily chart closed in positive territory last night while those of the s/t ones are mixed this morning suggesting further consolidation / correction. While below 0,8970 on an hourly closing the AUSSIE will however remain under pressure suggesting a retest of the previous low. A break below 0,8930 will confirm a negative reversal suggesting a s/t target at 0,8766!! We abort our suggestion of yesterday suggesting to buy the AUSSIE at 0,8940 because the move up missed to form divergences in the hourly chart. We prefer waiting for stronger signals: it’s also wiser!!!
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