Australian Dollar Technical Outlook

Published March 16th, 2009 - 06:03 GMT
Al Bawaba
Al Bawaba

It is probable that a flat is underway in the AUDUSD as a complex W-X-Y pattern that will end above .7275.  The AUDUSD has cleared the resistance line drawn off of the January 7th and February 9th high, which bolsters the bullish bias.  Bulls can move risk to .6520