Australian dollar futures a selling opportunity on fresh price weakness. See on the daily bar chart for the December Australian dollar futures that prices have seen a recent choppy pause following a downtrend. This pause is not bullish and suggests the bears are storing up power for a new leg down in prices. A move below solid chart support at the recent low of .8598 would give the bears fresh downside technical momentum and it would also become a selling opportunity. The downside price objective would be .8300, or below. Technical resistance, for which to place a protective buy stop just above, is located at .8750.
