March Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the March Australian dollar futures, traded at the Chicago Mercantile Exchange, that prices are in a 3.5-month-old uptrend and the bulls have the solid overall near-term technical advantage. A move in the March Aussie dollar above chart resistance at Thursday’s high of 1.0522 would become a fresh buying opportunity. The upside price objective would be 1.0750, or above. Technical support, for which to place a protective sell stop just below, is located at 1.0400.
