Australian Dollar Technical Outlook

Published April 21st, 2008 - 05:17 GMT
Al Bawaba
Al Bawaba

If the rally from .9031 is wave v of a diagonal (and more specifically wave c of v), then the advance from .9031 is counted as a series of 1st and 2nd waves.  



The AUDUSD must remain above .9272 and short term support begins at .94 and extends to .9337.  An objective is a 161.8% extension at .9713.