Australian Dollar Technical Outlook

Published July 2nd, 2008 - 06:33 GMT
Al Bawaba
Al Bawaba

The rally from .9511 is an impulse, indicating that the AUDUSD trend remains up.



A small correction should play out over the next few days.  Look for support near .9581 and .9563.  A bullish bias is warranted against .9511.

STRATEGY: Get bullish near .9570, against .9511, target above .9667