Australian Dollar Technical Outlook

Published March 18th, 2008 - 08:36 GMT
Al Bawaba
Al Bawaba

The 60 minute chart zooms in on the rally from .8512 (January low).  The rally from .8512 is viewed as wave 5 of large C.  So far, there are only 3 waves complete to .9496. 



The drop yesterday to .9127 probably completes wave 4 within the 5 wave advance from .8512.