AUDUSD Key Levels

Published June 17th, 2009 - 01:08 GMT
Al Bawaba
Al Bawaba

There remains upside potential in the AUDUSD as long as price is above .7823.  The potentially bullish pattern is a triangle.  Wave d of the triangle would be underway towards .8150 if the triangle is underway.  In the event of a decline below .7823, the bearish alternate (see alt. labels) becomes preferred against .8072.