September Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for September Australian dollar futures that prices have seen good gains recently and on Thursday hit a multi-month high. Bulls have gained upside near-term technical momentum and would gain more by pushing prices above this week’s high of .9377. That would also become a buying opportunity. The upside price objective would be .9600 or above. Technical support, for which to place a protective sell stop just below, is located at .9275.
