September Australian dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for September Australian dollar futures that prices have sold off sharply just recently, which has formed a bearish double-top reversal pattern. A move below solid chart support at the May low of .9120 would provide the bears with more downside technical momentum and it would also become a selling opportunity. The downside price objective would be .8900, or below. Technical resistance, for which to place a protective buy stop just above, is located at 9226.
