(0,8988) The AUSSIE confirmed the expected 0,8950 undershooting this morning after last night’s new weak closing. Possible a retest of the previous low at 0,8848!! The indicators of the daily chart are now at the line but those of the s/t ones are negative showing oversold conditions. The drop started also to form bullish divergences suggesting a change of the tone to negative. Before moving lower we do however favour a rebound with the 200 hours line at 0,9119 the possible attraction. We bought as suggested the 0,8950 undershooting. We are looking for a 0,9050 overshooting. We put a stop already at 0,8927!!
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