December Australian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the December Australian dollar futures that prices have sold off recently and hit a two-month low. The bears have gained some downside technical momentum and would gain more technical strength by pushing prices below solid chart support at last week’s low of .9195. That would also become a selling opportunity. The downside price objective would be .9050 or below. Technical resistance, for which to place a protective buy stop just above, is located at .9250.
