AUD/USD Technical Analysis

(0,9101) The AUSSIE again confirmed a strong closing suggesting we have a possible s/t bottom suggesting higher levels toward 0,9180! In the daily chart we have a potential reversed S_H_S formation with the neck line at 0,9180!! The indicators of the daily chart are now well positive as well as those of the s/t ones supporting higher levels. In the hourly chart we have however overbought conditions and potential negative reversals, however after having formed bearish divergences. This suggests a positive tone for the AUSSIE; however before extending further its move up we favour a correction with the 200 hours line at 0,8982 the possible attraction. We suggest buying this possible retracement! We wait for lower levels to go long!

Read the full report: AUDUSD 09.04

 

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