(0,9449) The AUSSIE confirmed another session of consolidation remaining interior the previous day’s range forming a new inside day with 0,9540 – 0,9320 the levels to follow in the coming hours. The indicators of the daily chart are still well positive however showing overbought conditions and potential negative reversals. The indicators of the s/t charts have instead returned below the line for now supporting some consolidation/ correction. We expect the AUSSIE to extend the correction toward 0,9400 with even a possible undershooting toward the 200 hours line at 0,9334 where one can buy it again. We stay on the side-line!
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