Australian Dollar Technical Outlook

Published June 10th, 2009 - 06:37 GMT
Al Bawaba
Al Bawaba


The AUDUSD rally through .8128 negates the short term bearish bias and leaves the decline from .8269 as just a 3 wave affair.  Unless a complex correction is underway from .8269, the AUDUSD will break to a new high soon.  Short term support is at .80.