Australian Dollar Headed Towards 1.0000 In Next Several Months

Published December 31st, 2007 - 06:38 GMT
Al Bawaba
Al Bawaba

Commentary:  The correction from .9400 is complete and wave i of larger 5 is close to complete at .8825.  We expect the next advance to exceed .9400 and possibly test 1.0000 in order to compete a large A-B-C advance of Cycle degree that began in 2001.

Strategy: Bullish against .8549, target above .9400