Australian Dollar Technical Outlook

Published March 14th, 2008 - 07:52 GMT
Al Bawaba
Al Bawaba

We maintain that wave 5 within the 5 wave bull cycle from .8512 is underway towards a new high (above .9496). 



Near term, expect price to remain above .9327.  If .9327 gives way though, look for support near .9285.