Australian Dollar Technical Outlook

Published March 19th, 2009 - 06:25 GMT
Al Bawaba
Al Bawaba

The AUDUSD has exceeded the February high at .6857.  Like the EURUSD, the AUDUSD has advanced for 8 consecutive days now.  The risk of a pullback is increasing but bullish potential in the AUDUSD is more so than for the EURUSD.  It is worth staying long but move risk to .6810.