March Australian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the March Australian dollar futures that prices are in a downtrend and on Monday hit a contract low. The bears are in firm technical control. A move in prices below chart support at the contract low of .8353 would become a selling opportunity. The downside price objective would be .7900 or below. Technical resistance, for which to place a protective buy stop just above, is located at .8550.
