Australian Dollar Technical Outlook

Published July 8th, 2008 - 06:27 GMT
Al Bawaba
Al Bawaba

.9511 failed to hold but the AUDUSD decline from .9668 should be near completion.



Look for support in the .9458/98 zone (50% to 61.8% of .9328-.9668).  .9328 is the line in the sand for the larger bullish bias.