Australian Dollar Technical Outlook

Published September 24th, 2008 - 06:09 GMT
Al Bawaba
Al Bawaba

Having reached former support, the B wave could be complete at .8275.  However, B waves are rarely this clean. 



Watch for a flat or a triangle.  In the case of a flat, wave B would end below .8275; in the Fibonacci zone (.8247-.8076).