March Australian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for Australian dollar futures that prices have backed down from the October high and last Friday hit a contract low. Bears are in technical command. A move below chart support at the contract low of .8470 would become a selling opportunity. The downside price objective would be .8100 or below. Technical resistance, for which to place a protective buy stop just above, is located at .8600.
