December Australian dollar futures a buying opportunity on fresh price strength.

See on the daily bar chart for the December Australian dollar futures, traded at the Chicago Mercantile Exchange, that prices are in a three-week-old uptrend and the bulls have recently gained fresh upside near-term technical momentum. A price move above chart resistance at 1.0350 would become a fresh buying opportunity. The upside price objective would be 1.0500, or above. Technical support, for which to place a protective sell stop just below, is located at 1.0264.

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