Australian Dollar Technical Outlook

Published July 27th, 2009 - 06:28 GMT
Al Bawaba
Al Bawaba


The AUDUSD has come within pips of breaking above its June high of .8269.  The rally from .7698 is viewed as a 5th wave (of a larger C wave) that will complete the rally from the October 2008 low.  .8385 (61.8% of the decline from .9856) is a level to watch as potential resistance.