December Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the December Australian dollar futures that prices have rebounded from the recent lows. Prices Tuesday hit a 2.5-month high. A bullish head-and-shoulders bottom reversal pattern could also be developing on the daily bar chart. A move above chart resistance at .9250 would become a buying opportunity. The upside price objective would be .9750, or above. Technical support, for which to place a protective sell stop just below, is located at .9000.
