June Australian dollar futures a selling opportunity on fresh price weakness.
See on the daily bar chart for the June Australian dollar futures that price action has recently seen a corrective rebound in a bear market, but the overall near-term downtrend remains in place. A move below chart support at .8700 would give the bears some 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 .8900.
