June Australian dollar futures a buying opportunity on fresh price strength.
See on the daily bar chart for June Australian dollar futures that prices have paused from the rebound from the January low. A move above chart resistance at last week’s high of .9008 would provide the bulls with fresh upside near-term technical momentum. It would also become a buying opportunity. The upside price objective would be .9350, or above. Technical support, for which to place a protective sell stop just below, is located at .8850.
