Commentary: We maintain a bullish bias above .8682 but the decline from just above .9000 has us a bit worried. “The AUDUSD is in the same position as the EURUSD. Wave 3 within the 5 wave bull cycle from .8584 is underway. Ultimately, we expect this rally to lead to the completion of the entire rally from 2001. Objectives are in the .9600-1.0000 zone.” We will reconsider if proved wrong; which requires a drop below .8682.
Strategy: Bullish, against .8682, target TBD
Al Bawaba
