March Australian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the March Aussie dollar futures that prices are in a downtrend and have recently hit a contract low. The bears remain in firm technical control. A move in prices below technical support at the contract low of .8041 would become another selling opportunity. The downside price objective would be .7600, or below. Technical resistance, for which to place a protective buy stop just above, is located at .8225.
