Australian Dollar Technical Outlook

Published February 20th, 2008 - 07:23 GMT
Al Bawaba
Al Bawaba



The AUDUSD is nearing support from a reaction low on 2/18 at .9102.  The drop from .9236 is either a 4th wave or within a 5 wave advance from .8874 or a 2nd wave in the 5 wave advance from .8923.  As mentioned, the .9100 figure should provide solid support to get bullish against .8923.  

STRATEGY: Bullish, against .8923, target TBD