March Autralian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the March Australian dollar futures that prices remain in a solid downtrend and on Monday hit a contract low. The bears remain in full technical command and there are no early chart clues of a market bottom being close at hand. A move in prices below chart support at .8100 would become a fresh selling opportunity. The downside price objective would be .7700 or below. Technical resistance, for which to place a protective buy stop just above, is located at .8300.
