December Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the December the Australian dollar futures that prices have rebounded from the September low and on Tuesday hit a fresh four-month high. The bulls have gained upside momentum. A push in prices above chart resistance at Tuesday’s high of .9510 would become a buying opportunity. The upside price objective would be .9900 or above. Technical support, for which to place a protective sell stop just below, is located at last week’s low of .9350.
