Australian Dollar Technical Outlook

Published September 26th, 2008 - 05:56 GMT
Al Bawaba
Al Bawaba

The AUDUSD B wave is underway towards the Fibonacci zone (.8247-.8076). 



There is a count (not shown), that treats the top at .524 as the end of an expanded flat.  Both counts warrant positioning for a decline now, against .8524.