AUD/USD Technical Analysis

(0,9315) The AUSSIE confirmed a strong closing but it failed to confirm the break above the resistance of the negative outside day at 0,9365. Still possible further strength. The indicators of the daily chart are still well positive however showing potential negative reversals. The indicators of the s/t charts are mixed this morning supporting further consolidation/ correction. The decline found momentarily support at the support line at 0,9290 and while above this line we could see a retest of the 0,9400 area. We favour instead a deeper correction toward the 200 hours line at 0,9251!

Read the full report: AUDUSD 09.17

 

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