September Australian dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for the September Aussie dollar futures that prices are in a steep downtrend and have this week hit a two-month low. The bears have downside near-term technical momentum. A move below chart support at this week’s low of 1.0066 would become a selling opportunity. The downside price objective would be .9800, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.0184.
