Australian Dollar Technical Outlook

Published April 15th, 2009 - 06:10 GMT
Al Bawaba
Al Bawaba

As mentioned recently, “a push above .7275 could complete a complex correction from .60.  Either way, I am looking to go short.”  The rally through .7275 exposes the 100% extension of .6005-.7275 at .7566.  A top could form prior to that level but there is no confirmation of a top yet.  I’ll alert readers at the earliest confirmation of a top with an alert at DailyFX.