March Australian dollar futures a selling opportunity on more price weakness.

See on the daily bar chart for The March Australian dollar futures that prices are in a solid downtrend and have recently hit a fresh contract low. The bears are in firm technical command and the path of least resistance for prices remains sideways to lower. A move below chart support at .8800 would become a selling opportunity. The downside price objective would be .8500, or below. Technical resistance, for which to place a protective buy stop just above, is located at .8950.

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