March Australian dollar futures a selling opportunity on price weakness.
See on the daily bar chart for the March Australian dollar futures that prices are in a four-week-old downtrend and have just hit a two-month low. The bears have gained fresh downside technical momentum to suggest the downtrend will continue. A move in prices below chart support at .9150 would become a selling opportunity. The downside price objective would be .8850, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9300.
