June Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the June Australian dollar futures that prices are in a six-week-old uptrend and the bulls have the overall near-term technical advantage. The bulls would gain fresh upside technical momentum by pushing prices above solid chart resistance at last week’s high of .9071. That would also become a buying opportunity. The upside price objective would be .9400, or above. Technical support, for which to place a protective sell stop just below, is located at .8925.
