March Australian dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for March Australian dollar futures that prices have backed well down from the recent high and a downtrend line is now in place. The bears have gained downside technical momentum. A move below chart support at Friday’s low of .9289 would become a selling opportunity. The downside price objective would be .9000, or below. Overhead technical resistance, for which to place a protective buy stop just above, is located at .9425.
