Published June 19th, 2008 - 06:21 GMT Al Bawaba The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).” Lighten up on longs as the AUDUSD has run into resistance from a former congestion area just below .9500. Risk can be moved to .9388. STRATEGY: Bullish, against .9388, target TBD LatestPopular Trump administration reaches secret deals with Syria and Israel to remove nuclear materials Drone strike hits Libya’s Al-Zawiya oil refinery, causing naphtha leak Iran’s Supreme Leader appoints six top military commanders 74 killed as 7.4-magnitude earthquake devastates western Colombia Iranian president holds 7-hour meeting with Khamenei: Major discussion points Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news