Australian Dollar Technical Outlook

Published April 10th, 2008 - 05:56 GMT
Al Bawaba
Al Bawaba

There is no change to the count that we outlined yesterday. 



We are treating the decline from .9470 (which was a truncation) as a series of 1st and 2nd waves.  This bearish count remains valid as long as price is below .9353.  The sharp drop from just below .93 presents a shorting opportunity against .9353.”