September Australian dollar futures a selling opportunity on more price weakness.
See on the daily bar chart for September Aussie dollar futures that prices are in a solid downtrend and on Monday hit a fresh contract low. “The trend is your friend” for a trader and there are no early technical clues that a market bottom is close at hand. A move below chart support at Monday’s contract low of .8823 would become a selling opportunity. The downside price objective would be .8400, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9000
