Australian Dollar Technical Outlook

Published March 13th, 2009 - 06:23 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.