September Australian Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the September Australian dollar futures that prices are in a three-week-old downtrend, have just hit a four-week low, and the bears have downside technical momentum on their side. A move below solid chart support at .9100 would give the bears some better downside momentum and it would also become a selling opportunity. The downside price objective would be .8900, or below. Technical resistance, for which to place a protective buy stop just above, is located at .9200.
