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 still in an overall downtrend despite a short covering rebound recently.
The bears still have the overall near-term technical advantage. A move below chart support at .8875 would give the bears some fresh downside technical momentum, and it would also become a selling opportunity. The downside price objective would be .8600, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9000.
